Aviation news analysis
50 SKY SHADES - World aviation news

NH90 Qatar contract now effective. Order booked. Advance payment received. 2018 Group Guidance confirmed

Download: Printable PDF Date: 21 Aug 2018 00:21 category:
Publisher:
NH90 Qatar contract now effective. Order booked. Advance payment received. 2018 Group Guidance confirmed - Manufacturer publisher
Tatjana Obrazcova
Aircraft: Helicopters

Leonardo announces that it has made effective the contract, signed on March 14, 2018,  for the supply of 28 NH90 medium twin-engine multirole military helicopters to the Ministry of Defense of Qatar and has therefore booked the order in its backlog and received the advance payment relating to the contract. Leonardo acts as overall prime contractor with responsibility for the management of the entire programme valued at more than €3 billion to the NHI consortium.

Alessandro Profumo, Leonardo CEO, stated: “We are proud to have made this important contract effective. We continue to be fully focused on executing our Industrial Plan aimed at ensuring long-term sustainable growth for the Group, also strengthening our commercial approach”.

The Group Guidance for the full year 2018 is confirmed, as revised upwards on 30th of July in respect of higher order intake and FOCF to reflect the expected effectiveness of the NH90 Qatar contract, that had been only partially factored into Group Guidance, and the potential for certain export campaigns not to be full finalised by year-end 

2018 Guidance

New Orders (€bn.) 14.0 – 14.5

Revenues (€bn) 11.5 – 12.0

EBITA (€mln) 1,075 – 1,125

FOCF (€mln)  300 – 350

Group Net Debt (€bn) ca. 2.4



Loading comments for NH90 Qatar contract now effective. Order booked. Advance payment received. 2018 Group Guidance confirmed...


Recommended

Nomad Aviation launches maintenance and hangarage services in Basel, Switzerland

Nomad Aviation has started to offer maintenance and hangarage services at its Basel, Switzerland facility at the beginning of August 2018. The company, branded as Nomad Technics AG, occupies a 7&rsquo...

Airbus delivers first aircraft from Mobile powered by sustainable jet fuel blend

Airbus’ A320 Family production facility in the U.S. will this week deliver its first aircraft partially powered by sustainable jet fuel. The latest A321 for JetBlue is due to depart Mobile on 20...

Jet Aviation provides ground handling services in Yanbu, Kingdom of Saudi Arabia

Jet Aviation has received authorization from the General Authority of Civil Aviation (GACA) in Saudi Arabia to provide handling services at Prince Abdul Mohsin Bin Abdulaziz Regional Airport in Y...

Airbus to focus on A220 interior and Connected-Cabin innovations at APEX Expo 2018, Boston USA

Debut of Airbus’ new A220 Family full-scale interior mock-up Updates on Airbus’ leading passenger experience and connected-cabin technologies Visit Airbus at the Boston Convention a...