Wednesday, October 20, 2010

Finmeccanica Eyes C-27J Sales to China

The CEO of Italy's Finmeccanica has said he would like to sell his firm's C-27J tactical transport aircraft to China, given that U.S. President Barack Obama has proposed the sale of C-130s to China.China "is a country we are focusing on," Pierfrancesco Guarguaglini told Reuters on Oct. 18. "America has decided that it can sell the C-130 transport aircraft, which means we can sell the C-27J," he said.Obama this month asked the U.S. Congress to lift a ban on export licenses for Lockheed Martin C-130s set to be used in China as part of operations to clear oil spills at sea. The C-27J, which was designed as a smaller version of the C-130J, has been sold by Finmeccanica to customers including the U.S.Guarguaglini said that Italy's law on defense exports, known as Law 185/1990, would currently rule out selling the C-27J to China.

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