AgustaWestland awarded grant by UK government

July 22, 2011 at 1:05 pm | Posted in Aviation Law Current Event | Leave a comment

by Sara M. Langston with the blog faculty

Source: BBC

AgustaWestland is to be given a £32m grant by the government which will safeguard jobs at its Yeovil factory.

Business Secretary Vince Cable made the announcement as the new AW169 helicopter, aimed at the commercial market, was unveiled. He said: “It’s a valuable exercise because we’re helping an industry convert from military to civilian application.”

The public funding will be used to pay for research and development and support small firms in AgustaWestland’s supply chain. [Full story]