ROME — Norway and European conglomerate NH Industries (NHI) agreed to an out-of-court settlement today that commits the manufacturer to pay Oslo €375 million ($432 million) as the finale to a long-running dispute over a cancelled NH-90 helicopter contract.
As part of the settlement, Norway will also return all 14 of its NH-90 aircraft to NHI, alongside spare parts, tools and mission equipment, according to a joint statement from both sides. (The industry firm comprises Airbus Helicopters, Leonardo and GKN Fokker Aerospace.) The helicopters and associated resources are to be reintegrated into the wider NH-90 program, so other users of the helicopter can use them.
“This solution reflects the parties’ mutual agreement to bring all related disputes to a conclusive…more
Source breakingdefense.com
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