 Westland makes Apache and Lynx helicopters |
Speculation is mounting that Britain's only helicopter-maker, AgustaWestland, could be sold to its Italian partner. Investment bank Goldman Sachs says GKN, which owns the UK half, may be close to selling its 50% stake to Finmeccanica, which owns the other half.
Westland and Agusta merged in 2000, creating a company with an order book totalling �5.33bn.
The Westland factory, which is based in Yeovil, makes Lynx and Apache Helicopters.
In 2002, Westland's Weston-super-Mare plant closed, with the loss of 350 jobs.
In June last year, the company's fortunes turned around with Westland Helicopters landing a contract with the Japanese Defence Agency worth more than �300m.
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