Overall results in line with forecasts and guidance for full-year 2010. Revenues rose 1.5% to EUR 8,654 million, from EUR 8,523 million in 1H09. Adjusted EBITA fell to EUR 586 million, versus EUR 605 million in 1H09. The adjusted EBITA margin was 6.8%, versus 7.1% in 1H09. Net profit totalled EUR 194 million, a decline on the EUR 242 million recorded in 1H09.

New orders totalled EUR 8,050 million, versus EUR 8,327 million in 1H09. Improved performance in Helicopters (supply of AW101 helicopters to the Indian Air Force and recovery in the civil helicopters segment) and Aeronautics
(increased orders in the military segment) partially offset the decline in other sectors.

The order backlog closed at EUR 45,803 million, up versus 45,143 million at 31 December 2009, and accounts for more than two and a half years of production.

R&D costs stood at EUR 880 million, or 10% of revenues.

Source: Finmeccanica.