A resolution has been found to the dispute with the subsidiary of the Italian company Finmeccanica, which will withdraw from the country the radar and coastal surveillance equipment which was the object of the contract, and the Panamanian State will receive a credit for $32 million.
From a statement issued by the Foreign Ministry of Panama:
The Supreme Court has ordered the provisional suspension of a disputed contract with a subsidiary of Finmeccanica to install a digital mapping system.
The Supreme Court justified the provisional suspension as being "... in order to avoid the effects of the contract causing 'serious and impossible to repair damage to the community as it may affect the heritage of the Panamanian nation because of the delay in the decision on its merits that could be made by this court. '"
The Varela administration is sueing to nullify the contract signed with a subsidiary of Finmeccanica to develop a digital map for $22 million.
The lawsuit filed by the Ministry of the Presidency with the Supreme Court aims to nullify the contract signed in 2010 by the Martinelli administration, arguing that they have "motives distinct from public interest".
Panama is has purchased a Coastal Security System from Italian conglomerate Finmeccanica worth $231 million.
The contract states that different companies in the Italian group will provide components for the project: SELEX Sistemi Integrati will supply a monitoring system and cost control while AgustaWestland will contribute six AW139 helicopters to the Panama air-sea fleet.