Selex Galileo touts contracts

Dec. 9, 2011 at 6:49 AM

CAMPI BISENZIO, Italy, Dec. 9 (UPI) -- Italian company Selex Galileo announced receipt of more than $30.8 million in contracts to provide logistics support services.

The agreements are for Tornado aircraft, Falco Unmanned Aerial Systems and for the upgrade of radar systems.

The company didn't identify the customers.

"Logistics support is an increasingly large part of our business, our activities range from traditional spares, repairs and training up to a complete logistic solution including operating and maintaining systems on behalf of our customers" said Selex Galileo Chief Executive Officer Fabrizio Giulianini.

"This evolution has seen the introduction of new and innovative contracting models, such as contracting for availability and pay by the hour. These new models allow the company and end-user to share greater responsibility for a system's availability.

"We have moved towards an approach where the market, particularly export customers, appreciate the flexible, modular and accessible nature of this relationship," he said.

SELEX Galileo said it will draw upon its technological and systems integration expertise to provide operational support and will also use third-party products.

"This support can be provided over the whole life cycle of the system, simplifying the supply chain for customers and generating improvements in terms of costs and operational efficiency," it said.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Houston-based LINN leaves Texas shale
Australian troops to receive new rifle variant
Saab joining BAE Systems, Patria in bid to produce armored vehicle
Kurdish government in Iraq selling more oil
Gas prices could go up, AAA says