Finmeccanica Joins SBAC

(16/11/2005) -- SBAC today announced that Finmeccanica UK Ltd had become the latest member of the fast growing UK trade association. SBAC’s restructuring and a commitment to represent all UK based companies operating in the civil air transport, aerospace defence and space sectors, is proving a winning formula.

Dr Sally Howes, SBAC Director General, said

“We are delighted that Finmeccanica UK Ltd is now on board and that Alberto de Benedictis has joined SBAC Council. He brings a broad range of expertise and experience to SBAC and the backing of this global company will enhance our ability to represent UK aerospace’s three main market sectors: civil air transport, aerospace defence and space.”

Alberto de Benedictis, Chief Executive Finmeccanica UK Ltd, commented
“I am very pleased that Finmeccanica UK Ltd is now a full member of SBAC. As a member of SBAC’s Council I look forward to contributing to the long term success of the UK aerospace industry. SBAC plays an important role in supporting the development of one of the most internationally competitive parts of the UK economy. As a member we intend to play our part in ensuring the UK stays at the forefront of this exciting, highly global and intensely competitive industry”

Notes
SBAC is the national trade association representing suppliers to the civil air transport, aerospace defence and space markets operating in the UK economy. It represents over 2500 companies, assisting them in developing new business globally, facilitates innovation and competitiveness and provides regulatory services in technical standards and accreditation. To know more go to: www.sbac.co.uk
At present, the UK has the world’s largest aerospace industry outside the USA. UK based aerospace activity had a turnover of more than £17bn in 2004, supporting a highly skilled workforce of over 255,000 people.

Finmeccanica is Italy’s leading high-tech company, operating in the design and manufacture of helicopters, aerostructures, satellites, space infrastructure, missiles and defence electronics. It plays a leading role in the European aerospace and defence industry, and participates in some of the biggest international programmes in the sector through well-established alliances with European and American partners. Finmeccanica also boasts significant manufacturing assets and skills in the transport, energy and IT sectors. The group is listed on the Milan stock exchange, and operates in Italy and abroad through 18 companies and 4 joint ventures. It employs around 55,200 staff in total. As part of its drive to maintain and build on its technological expertise, Finmeccanica spends the equivalent of over 16% of its revenues on research and development.


Contact:
Paul Everitt, Communications Director, SBAC
Tel: 020 7227 1021 / paul.everitt@sbac.co.uk

Source : SBAC