Question-and-Answer Session
Let's take the first...first questions. [inaudible] there are no questions today? No. Yes.
Ed Stacey - HSBC
Hi, can you hear me now.
Unidentified Company Representative
Yes.
Ed Stacey - HSBC
It's Ed Stacey from HSBC with just one question. The Aeronavali plant, to reorganize that activity, are there some charges that will be in the P&L for that.
Alessandro Pansa - Chief Financial Officer and Co-General Manager
Thank you, the Aeronavali restructuring plan has been discussed and then examinated and resolved with the management of Alenia Aeronautica. Now we have restructured... the company is under restructure, it would imply a redefinition on the activity of the plants in Venice where also which will we used by Agusta and Westland in order to solve one of the problem [inaudible] which is the fact that they need to deliver more [inaudible] that they are currently able to do in the facilities in [inaudible] Milan and therefore those significant part of the business will be done. Secondly, Aeronavali will be the headquarters of Superjet International, which is the joint venture company, made by Alenia Aeronautica our Russian partners about the certification and commercialization of our maintenance and after sale service for the Superjet 100, our Eurojet, the field developed in together with Sukhoi.
Last but not least the company will continue to... to produce or to work on the cargo transformation on a... basically on a phased out structure or phase our programs and said that we understand it very clearly on that... that is a kind of business which is not... it cannot be performed in an area where we have very high, very experienced custom label for this report. So we expect that in the next couple of years the company will be completely transformed and therefore we will be much more integrated in the most helicopters aeronautical business. There would not be any more a stand-alone business in the sector which is any not any more very profitable [inaudible]. No, you are not secular, behind you there is a first. I'm joking.
Unidentified Analyst
Collin [ph] from UBS. A couple of questions from me. There has been a number of trade press articles about helicopter programs in UK being pulled back, clearly [inaudible] is one but a number of other ones, maybe you can give us some comments about that? There is also a number of comments about the Italian defence budget also being cut, give us some thoughts on that relative to your expectations? And the last one just relates to the 787 production. Boeing were quite cautious on their last call in terms of problems there, maybe you can give us an update on how you see your revenue progressing over the next couple of years and any problems maybe there that we need to be aware of?
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