48 Italian Jet Aircrafts M-346 to United Arab Emirates

M-346

Abu Dhabi, - The government of the United Arab Emirates (UAE) announced during the show to IDEX 2009 (International Defense Exhibition & Conference), has initiated the negotiations for the acquisition of 48 advanced training aircraft M -346 Alenia Aermacchi, a Finmeccanica company. The agreement, which also provides for the establishment of a joint venture in the UAE between Alenia Aermacchi and Mubadala Development Company (Mubadala) for the development of a final assembly line of the M-346, is the result of close collaboration between the Government Italian and the defense industry who have worked together to promote Italian excellence in high technology aircraft"The selection of the M-346 Alenia Aermacchi by the Government of the United Arab Emirates - said Pier Francesco Guarguaglini, president and CEO of Finmeccanica - is a success of great value for the Italian industry of high technology. It is an affirmation of considerable strategic importance to Finmeccanica, because it confirms the primacy on the international level in this advanced training aircraft for new generation and opens the way for new successes in other markets worldwide, where they are already in progress other major campaigns. The preference granted by the Government of the United Arab Emirates all'M-346 is part of a broader industrial cooperation agreement recently signed by Finmeccanica and Mubadala, which provides, inter alia, development in Abu Dhabi to aerostrutture in composite materials for the civil sector. "