MCDONNELL DOUGLAS MD 520N HELICOPTERS TO BE PRODUCED IN ITALY UNDER LICENSE AGREEMENT WITH AGUSTA
PARIS, June 15, /PRNewswire/ -- McDonnell Douglas Helicopter Co.has extended its license agreement with Agusta, S.p.A., to include production of MD 520N helicopters with the NOTAR (system for anti-torque and directional control. Under the agreement signed in Paris today, Agusta will manufacture MD 520N helicopters in Italy and market them according to the license agreement. "We have been partners with Agusta on the MD 500 series for more than 20 years," said Dean C. Borgman, president of McDonnell Douglas Helicopter Co. "It's been a mutually beneficial business relationship that we now expect to be enhanced with the addition of the MD 520N." The first Italian MD 520N will roll off the assembly line in mid-1994. "Armed with the technology that the MD 520N offers, we believe the helicopter will rekindle markets in Italy," said Borgman. "And, we see the development of new markets that are interested in flying state-of- the-art technology." -0- 6/15/93 /CONTACT: Ken Jensen of McDonnell Douglas Helicopter Co., 602-891-2119.
CO: McDonnell Douglas Helicopter Co.; Augusta S.p.A. ST: IN: ARO SU: LIC
JB -- LA023 -- 2173 06/15/93 13:32 EDT
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|Date:||Jun 15, 1993|
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