Ansaldo says it can do the job

Officials pledge they will complete the city's system even as parent company Finmeccanica struggles

By Marcel Honoré

POSTED: 01:30 a.m. HST, Mar 08, 2013

~~<p>Executives of the firms awarded the largest contract in state history assured Honolulu transit leaders Thursday that they have the financial muscle to deliver a train operating system and rail cars on time and on budget despite recent hurdles confronted by their Italian parent company.</p>
<p>Honolulu Authority for Rapid Transportation board members had asked Ansaldo STS and AnsaldoBreda, the two firms that comprise Ansaldo Honolulu JV, to give them those assurances after recent heavy losses, credit downgrades and legal troubles of their parent, Finmeccanica SpA. The Italian defense conglomerate owns or partly owns the two Ansaldo companies.</p>
~~

Executives of the firms awarded the largest contract in state history assured Honolulu transit leaders Thursday that they have the financial muscle to deliver a train operating system and rail cars on time and on budget despite recent hurdles confronted by their Italian parent company.

Honolulu Authority for Rapid Transportation board members had asked Ansaldo STS and AnsaldoBreda, the two firms that comprise Ansaldo Honolulu JV, to give them those assurances after recent heavy losses, credit downgrades and legal troubles of their parent, Finmeccanica SpA. The Italian defense conglomerate owns or partly owns the two Ansaldo companies. Login for more...