July 16, 1985 - Maritime Reporter and Engineering News

I t a l i an Advanced Industries Formed By Finmeccanica

Franco Viezzoli, president of Finmeccanica, one of Italy's largest and most advanced industrial groups, has announced the establishment of Italian Advanced Industries, Inc. in Washington, D.C. Ownership of the new company is shared by Finmeccanica, Aeritalia, Alfa Romeo, Ansaldo and V.M., all of which were active in the U.S. last year in programs which amounted to $200 million.

Mr. Viezzoli cited Aeritalia's agreement with Boeing for the 767 aircraft and the McDonnell Douglas for the DC-9, MD-80 series, and DC-10 aircraft; Ansaldo's agreements with General Electric and Westinghouse for conventional and nuclear technologies; and contracts for V.M.'s Isotta Fraschini amagnetic diesel engines for U.S. Navy mine sweepers, as major agreements between his Finmeccanica companies and U.S. industry. Mr. Viezzoli also highlighted Alfa Romeo's increase in automotive sales and the near completion of a 110MW geothermal power plant in California.

In establishing Italian Advanced Industries, Inc., Finmeccanica provides evidence of the continuing interest in the commercial and technological importance of the North America market.

Other stories from July 16, 1985 issue


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