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Finmeccanica inks 113 mln euros UK helicopter contract

Reuters - UK Focus

MILAN, July 16 (Reuters) - Finmeccanica (Other OTC: FINMF - news) unit AgustaWestland has signed a 113-million-euro ($153 million) contract with the UK Ministry of Defence to integrate missile systems onto 28 Royal Navy AW159 Wildcat helicopters, the Italian group said on Wednesday.

The helicopters will be equipped with its Future Anti-Surface Guided Weapon (FASGW) Heavy and Light (Other OTC: LGSXY - news) missile systems, making them capable of attacking a wide range of surface targets, Finmeccanica said in a statement.

AgustaWestland is manufacturing 62 Wildcat helicopters for the Ministry of Defence, 28 of which will be operated by the Royal Navy and 34 by the British Army. The Wildcat is replacing the Lynx helicopter. ($1 = 0.7388 Euros) (Reporting by Danilo Masoni; editing by Francesca Landini)