US EditionNH Industries to Pay Norway $432M Settlement to End NH90 Helicopter Contract Dispute
18 Articles
18 Articles
Norway and NHIndustries reach €375 million settlement to conclude dispute over NH90 helicopters
The deal follows Norway’s cancellation of its NH90 procurement in 2022, more than two decades after placing an order for 14 helicopters in 2001. NHIndustries, a joint venture owned by Airbus Helicopters, Leonardo, and GKN Fokker Aerospace, had only delivered eight fully operational aircraft, well behind the original delivery target of 2008. The helicopters were intended for Coast Guard operations and anti-submarine warfare missions, with a targe…
The Norwegian Government and the NHindustries (NHI) consortium — made up of Airbus Helicopters, Leonardo and Fokker — would be finalizing a compensation agreement close to €3 billion to end the dispute over the failed NH90 helicopter program. The pact, still in the negotiating phase, seeks to close a conflict that [...] The Norwegian and NHindustries entry could reach an agreement for the problematic purchase of NH90 anti-submarine helicopters f…
The equipment procurement and its follow-up, which went completely awry, is finally coming to a conclusion.
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