Leonardo consolidates in China: ordered 15 AW139 helicopters with framework agreement for additional 160 units

Leonardo has announced that its Chinese helicopter distributor Sino-US Intercontinental Helicopter Investment (Sino-US) has signed contracts for 15 AW139 helicopters. The announcement was made at the ChinaInternational Import Expo in Shanghai in the presence of the Deputy Chairman of the Council of Ministers, Minister of Economic Development, Labor and Social Policies Luigi Di Maio. The helicopters will be delivered between 2019 and 2021 and used by Kingwing General Aviation (Kingwing) for helicopter rescue in China. These orders, which strengthen the collaboration between Leonardo and Sino-US in the country, are added to the various previous contracts, in particular for eliambulanze, signed by the same customer in recent years and including 34 AW119Kx, 24 AW139 and 25 AW109 Trekker.

Leonardo and Sino-US also announced the signing of a framework agreement to further strengthen the long-term partnership. With this agreement, Sino-US confirmed its role as exclusive distributor in China for helicopters for civil and commercial uses of Leonardo, with a plan to purchase and deliver additional 160 machines, of various models, during the 2019-2023 period. The agreement also provides for the construction in China of an authorized training center and the creation of a center for the customization and installation of mission equipment on Leonardo's helicopters delivered to the country.

The partnership between Leonardo and Sino-US, started in 2013, is now entering a new phase of collaboration aimed at ensuring constant support for the growing fleet of helicopters operating in China.

Alessandro Profumo, Leonardo's Managing Director, said: "By signing these contracts and the framework agreement, Leonardo confirms its leadership in the helicopter sector in China. A rapidly expanding and highly competitive market, where our state-of-the-art products carry out day-to-day rescue operations in support of the Chinese population. We are pleased with this solid partnership with Sino-US. The agreement demonstrates once again the strong commitment of Leonardo in the development of support services for the increasingly numerous customers all over the world, in line with what is indicated in the business plan ".

Jianming ZOU, President of Shanghai Kingwing General Aviation Co., Ltd., said: "Leonardo is providing a world-leading product such as AW139 and has proved an extraordinary partner, supporting the expansion of our company and investing in a rapidly growing market like China ".

Leonardo's helicopters sold in China to date are 185, of various models and categories, for a wide range of commercial and public utility applications. In the helicopter helicopter Leonardo can gain a market share equal to 70% in the country.

With deliveries expected over the next few years, Kingwing will become one of Leonardo's largest civilian helicopter operators in the world.

Sino-US Intercontinental, exclusive distributor of Leonardo's helicopters on the Chinese civil and commercial market, has ordered to date over 125 units of AW119Kx, GrandNew, AW109 Trekker, AW169, AW139 and AW189.
Kingwing is a company certified by the Chinese Civil Aviation Authority and already operates as a support center for AW139, AW109 and AW119Kx helicopters. Established in the 2006, Kingwing is a leader in general aviation in China and has signed collaboration agreements with various hospitals and emergency facilities in the country and continues to increase its presence throughout the country.

Leonardo is among the top ten companies in the world in Aerospace, Defense and Security and the main Italian industrial company. Organized in seven business divisions (Helicopters, Airplanes, Aerostructures, Avionics and Space Systems, Terrestrial and Naval Defense Electronics; Defense, Systems for Security and Information), Leonardo competes on the most important international markets by leveraging its areas of technological and product leadership. Listed on the Milan Stock Exchange (LDO), in the 2017 Leonardo recorded consolidated restated revenues equal to 11,7 billion euros and boasts a significant industrial presence in Italy, the United Kingdom, the USA and Poland.

Leonardo consolidates in China: ordered 15 AW139 helicopters with framework agreement for additional 160 units

| Economics |