Leonardo lands in the United Kingdom with Aw139 helicopters
Bristow Group has ordered six AW139s from Leonardo, to be delivered between 2023 and 2024. The helicopters will join the current fleet of nine AW189s in support of the UK Coastguard's 'UKSAR2G' search and rescue programme.
British order for Leonardo's helicopters.
The defense and aerospace group has announced that Bristow Group Inc., Leonardo's partner for over 26 years, has signed a contract for the purchase of six AW139 helicopters to support the UK Coast Guard's "UKSAR2G" search and rescue programme. Kingdom (Maritime and Coastguard Agency – MCA).
The six AW139s, to be delivered between 2023 and 2024, will join the current fleet of nine AW189 SAR (Search and Rescue) helicopters under the UKSAR2G programme.
Furthermore, as the group note recalls, this new fleet of AW139 helicopters for search and rescue tasks will benefit from the new global long-term technical assistance services program previously signed by Leonardo and Bristow for its fleet.
“This latest step, in support of a key partner like Bristow called to meet the needs of such an important end user, is further testimony to the exceptional capabilities of the AW139, the most successful helicopter worldwide and selected by major operators as the reference model in the category for SAR missions” commented Gian Piero Cutillo, MD of Leonardo Helicopters.
Good news for the helicopter sector, which drove Leonardo in the first 9 months of the year . Furthermore, the group led by Alessandro Profumo is awaiting the results of the British Ministry of Defense's tender for the New Medium Helicopter (NMH) program to replace the British Pumas. Leonardo's Aw149is under evaluation (and on pole according to analysts).
THE FEATURES OF LEONARDO'S AW139 HELICOPTERS
The six AW139s for Bristow will feature the very latest technology and mission capabilities introduced on this helicopter model, including a maximum take-off weight of 7 tonnes and the latest standard Honeywell Primus Epic integrated avionics ( referred to as Phase 8), which includes Advanced Synthetic Vision, enhanced 2D maps, and wireless data upload capability, delivering even greater all-weather capabilities and operational effectiveness.
In addition, these AW139s will also be equipped with an icing protection system to further enhance mission capabilities in adverse weather conditions.
THE RELATIONSHIP WITH THE BRITISH OPERATOR BRISTOW
Bristow, has a fleet comprising a wide range of models, including the AW119 single-engine, AW109 light twin-engine, AW139 intermediate-class twin-engine and AW189 'super medum' class twin-engine. The Bristow fleet of Leonardo helicopters, with the arrival of the last six AW139s, will reach almost 100 units. Bristow's Leonardo helicopters have successfully carried out various types of missions, such as offshore transport in support of the energy industry, search and rescue and emergency medical service in the Americas, Europe, Africa and Australasia.
In addition, the operator, in collaboration with Nova Systems, will perform a mission system integration on the helicopters, once delivered, thus ensuring an even greater involvement of UK industries in the programme.
THE AW139 PROGRAM
“With more than 1100 helicopters in service, more than 280 customers in nearly 90 countries and more than 3.3 million flight hours logged to date since its certification in 2004, the AW139 has also proven extremely effective for research missions and rescue” highlights the group in Piazza Monte Grappa.
THE EXPECTATIONS OF ANALYSTS ON THE STOCK
Finally, as regards the target price of the Leonardo stock, according to Websin analysts, from the lows of 2020, reached during the outbreak of the pandemic at 4.38/4 euros, a progressive recovery is underway which has pushed the price to a maximum of 10.90 euros last June, reports MF . The subsequent violent correction has not denied the bearish bullish movement because, so far, it has the nature of a physiological retracement. “Prices have once again recognized the strong supports in the 7.50/7 euro area, our buying area”, underline the analysts who expect to see the stock in the 11 euro area again in the coming months.
On 7 December Leonardo shares closed with an increase of +0.23% to 7.76 euro.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/smartcity/leonardo-sbanca-regno-unito-con-gli-elicotteri-aw139/ on Thu, 08 Dec 2022 07:12:09 +0000.