Leonardo-Finmeccanica and Polska Grupa Zbrojeniowa sign defence and security LOI
Leonardo-Finmeccanica and Polska Grupa Zbrojeniowa S.A. (PGZ) have signed a Letter of Intent (LOI) for a long term strategic partnership in the defence and security market. The LOI has the purpose of strengthening the competitive position of both companies on the international market.
Under the agreement, Leonardo will support PGZ with its technology and products, and PGZ, one of the largest defence companies in Central Europe and the biggest in Poland, will cooperate with Leonardo on industrial and logistic support activities. The LOI establishes a significant technology transfer to PGZ with the aim of generating significant high-technology activities and job creation for the two companies in the years to come.
“The Letter of Intent signed with Leonardo-Finmeccanica enables us to examine and define areas of the possible industrial cooperation in terms of the wide range of products fulfilling the Polish and the export market requirements,” said Arkadiusz Siwko, CEO of Polska Grupa Zbrojeniowa S.A. “We will seek to exchange know-how and technological capabilities, so we can cooperate in terms of research, development and production.”
“This agreement defines a new era in the industrial relationship between Italy and Poland in the defence and security sector. I am convinced that in joining forces we will be able to offer the best solutions for our customers in terms of performance, operating costs and maintenance capability," said Mauro Moretti, CEO and General Manager of Leonardo.
The agreement identifies a wide range of industrial cooperation between both companies. PGZ and Leonardo announced their intention to begin cooperating in the fields of rotary wing platforms and services, land systems, naval systems, unmanned aircraft, fixed wing systems and services, as well as space technologies. By virtue of this agreement, Leonardo and PGZ will examine and identify areas of possible industrial cooperation for the wide range of products meeting Polish and export market requirements. The companies will seek to exchange know-how and technological capabilities as well as identify areas in which they can collaborate in research and development, production and after sales support.