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Finmeccanica

Italy 

 

 

According to a company press release, Finmeccanica Group operates six offices and production facilities in Iran. (Finmeccanica Worldwide, 2008).

Date: July 1999 - 2002

Deal: According to the company's website, in July 1999, Ansaldo Energia, a subsidiary of Finmeccanica SPA, signed a contract with Iran Power Plant Projects Management Company (MAPNA), a company affiliated with Iran's energy ministry, and its largest general contractor for electrical projects (Ansaldo Energia Current Projects, accessed June 28, 2010).

According to an Ansaldo Energia publication, the €870 million deal provided a "supply and technology transfer contract" for turbines and other power plant equipment. The turbines will increase Iran's capacity to generate electrical power (Power Generation News, 2005) According to Ansaldo Energia's company website, the initial 32 gas turbines account for 20 percent of Iran's entire power production, and new contracts added to the deal called for the provision of an additional 12 units (Ansaldo Energia Current Projects, accessed June 28, 2010).

Date: July 2003 - Unclear

Deal: According to an Ansaldo Energia publication, in July 2003, the company signed a contract with Iran's MAPNA to provide the first three of six gas turbines for the South Esfahan Power Station in Iran. The first three turbines "for the plant were built entirely in the Company's [Ansaldo Energia's] workshops and imported into Iran under the terms of a contract which stipulates that the gas turbines and generators for units 4, 5, and 6 will be built locally [within Iran]" (Power Generation News, 2006).

U.S. Business Ties: According to USASpending.gov, Finmeccanica SPA has received over $13 billion in contracts from the U.S. government in the last 10 years, the majority of which came from the Department of Defense (USASpending.gov, accessed June 28, 2010).

According to The New York Times, "a spokesperson for the Finmeccanica said the company withdrew from Iran because it wanted to align itself with the policies of the Italian government and because it was sensitive to concerns by the U.S. government about companies operating in Iran." (The New York Times, March 12, 2010)

In February 2008, the U.S. Department of Commerce Bureau of Industry and Security penalized SELEX Sistemi Integrati, Inc, a subsidiary of Finmeccanica SPA, $13,200 for exporting sensitive equipment from the U.S. to Iran via Italy without the required license, and providing a "false statement regarding country of ultimate destination on a shipper's export declaration." The infractions occurred on November 2, 2002 (U.S. Department of Commerce Bureau of Industry and Security, February, 2008).

Last Updated: July 8, 2014