EADS’s Eurocopter, Finmeccanica Unit Get EU Nod on Research Aid

Eurocopter, a unit of European Aeronautic, Defence & Space Co. (EAD), and Finmeccanica SpA (FNC)’s Agusta Westland division won European Union approval for French and Italian research aid to develop medium-weight civil helicopters.

The European Commission said it authorized France to provide a 143 million-euro ($188.2 million) advance to Eurocopter, which must be repaid when it hits a sales target. It also approved an Italian government loan to Agusta Westland of 272 million euros at zero-interest over 19 years.

To contact the reporter on this story: Aoife White in Brussels at awhite62@bloomberg.net.

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.