27 January 2014

News Story: Def Min to keep out Finmeccanica group from military show


NEW DELHI (PTI): After scrapping the Rs 3,600 crore chopper contract, Indian Defence Ministry has said it is ousting AgustaWestland's parent company Finmeccannica from the biennial military exhibition DefExpo starting February 6.

The step comes after India scrapped the contract on January 1 after finding that AgustaWestland allegedly breached the pre-contract integrity pact (PCIP) in the deal for supplying 12 VVIP choppers to the Air Force.

Finmeccanica had booked space for its group companies at the show but their participation is now being cancelled, highly-placed Defence officials told PTI here.

Read the full story at Brahmand