Advertisement
UK markets close in 6 hours 43 minutes
  • FTSE 100

    8,082.72
    +37.91 (+0.47%)
     
  • FTSE 250

    19,796.72
    -3.00 (-0.02%)
     
  • AIM

    755.46
    +0.59 (+0.08%)
     
  • GBP/EUR

    1.1631
    +0.0003 (+0.02%)
     
  • GBP/USD

    1.2427
    -0.0026 (-0.21%)
     
  • Bitcoin GBP

    53,570.80
    +333.42 (+0.63%)
     
  • CMC Crypto 200

    1,437.34
    +13.24 (+0.93%)
     
  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     
  • DOW

    38,503.69
    +263.71 (+0.69%)
     
  • CRUDE OIL

    82.98
    -0.38 (-0.46%)
     
  • GOLD FUTURES

    2,331.40
    -10.70 (-0.46%)
     
  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     
  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     
  • DAX

    18,194.41
    +56.76 (+0.31%)
     
  • CAC 40

    8,117.64
    +11.86 (+0.15%)
     

Airbus Helicopters to quiz Japan over contract loss

PARIS, Aug 25 (Reuters) - Airbus Helicopters plans to ask Japan to explain why it lost out to Fuji Heavy Industries (Other OTC: FUJHF - news) and Textron Inc (NYSE: TXT - news) 's Bell Helicopters in a $3 billion contract to supply a fleet of military transport aircraft, it said on Tuesday.

Asked about a report by the Financial Times that it was preparing legal action against Japan's ministry of defence over the contract, a spokesman for the division of Airbus Group (Swiss: AIR.SW - news) said the situation had not reached that stage.

Japan said last month that it had chosen Fuji Heavy-Bell over joint bids by Kawasaki Heavy Industries (Other OTC: KWHIF - news) and Airbus, and by Finmeccanica (Other OTC: FINMF - news) 's AgustaWestland and Japanese trading company Mitsui & Co.

In a statement on Tuesday, Airbus Helicopters expressed "extreme surprise" that Fuji Heavy-Bell was selected for the development of a next-generation multi-purpose helicopter for the Japan Ground Self-Defense Force.

ADVERTISEMENT

Airbus Helicopters said Japan had chosen a platform that would be over 60 years old when the so-called UH-X enters service, whereas its proposal was based on a "clean-sheet development" with export potential for both military and civil versions.

"Airbus Helicopters has taken the necessary actions with its partner KHI to ask for clarifications," the European company said.

A Bell Helicopter spokesman declined to comment on Airbus Helicopters' complaint. (Reporting by Cyril Altmeyer; additional reporting by Andrea Shalal in Washington; editing by Susan Thomas)