Monday, June 5, 2023
  • About us
    • Write for us
    • Disclaimer
    • Terms of use
    • Privacy Policy
  • RSS Feeds
  • Advertise with us
  • Contact us
DefenceTalk
  • Home
  • Defense News
    • Defense & Geopolitics News
    • War Conflicts News
    • Army News
    • Air Force News
    • Navy News
    • Missiles Systems News
    • Nuclear Weapons
    • Defense Technology
    • Cybersecurity News
  • Military Photos
  • Defense Forum
  • Military Videos
  • Military Weapon Systems
    • Weapon Systems
    • Reports
No Result
View All Result
  • Home
  • Defense News
    • Defense & Geopolitics News
    • War Conflicts News
    • Army News
    • Air Force News
    • Navy News
    • Missiles Systems News
    • Nuclear Weapons
    • Defense Technology
    • Cybersecurity News
  • Military Photos
  • Defense Forum
  • Military Videos
  • Military Weapon Systems
    • Weapon Systems
    • Reports
No Result
View All Result
DefenceTalk
No Result
View All Result

Defense Ministers, EADS Close to a Deal on A400M

by German Radio
March 1, 2010
in Air Force News
2 min read
0
14
VIEWS

European defense ministers have agreed to inject additional financing into the massive Airbus military transport project. EADS wants a guarantee that participating nations won’t reduce their orders.

Defense officials and aerospace giant EADS are close to finalizing a deal on Europe’s largest joint military project.

Ministers from the seven NATO nations involved – Belgium, Britain, France, Germany, Luxembourg, Spain and Turkey – have offered a total of two billion euros ($2.7 billion) in additional financing for the over-budget Airbus A400M military transport project, and an additional 1.5 billion euros in credit guarantees.

After the meeting in Palma de Mallorca on Thursday, Spanish Defense Minister Carme Chacon said a final agreement will likely be reached “in the next few weeks.” A spokesman for the French defense ministry said in Paris that the signing of the agreement could take place on March 8, once participating countries decide how to divide up the additional costs.

According to French Defense Minister Herve Morin, Belgium, Luxembourg and Spain have confirmed their contributions, but so far only France has stated a specific amount, 400 million euros ($540 million).

Three-year delay

The deal would rescue the long-delayed project, first agreed to in 2003. The first A400M aircraft were to have been delivered at the end of last year, but deliveries are now not expected until at least 2013. Cost overruns are estimated to be up to 11 billion euros ($15 billion).

Before securing the deal, the European Aeronautic Defense and Space Company wants to ensure that participating nations do not reduce their orders for the aircraft, originally set at 180.

South Africa canceled its entire order in November due to a sharp increase in the agreed costs, and Britain has already announced it plans to reduce its order from 25 to 22 planes. Most of the planes are to be delivered to Germany.

The new A400M aircraft, built to replace aging military cargo planes, will be able to carry troops, armored vehicles and helicopters and have the ability to land on short, unfinished runways. The project will provide up to 10,000 jobs.

Tags: A400MEADSfrancemilitary transportSpainTransport Aircraft
Previous Post

Cutting Edge: Construction Begins At Carriers Portsmouth Base

Next Post

Pentagon Reports Document Continuing Lockheed-Martin Failures

Related Posts

China made third-largest air incursion this year, says Taiwan

China would gain swift air superiority over Taiwan, US leaks show

April 19, 2023

China would probably gain air superiority very quickly in any attack on Taiwan, something Russia crucially failed to do in...

Su-35 Fighter Aircraft, Russian Air Force

Iran says deal reached to buy Russian fighter jets

March 13, 2023

Iran has finalized a deal to buy Sukhoi Su-35 fighter jets from Russia, state media reported, as defence cooperation between...

Next Post

Pentagon Reports Document Continuing Lockheed-Martin Failures

Latest Defense News

China made third-largest air incursion this year, says Taiwan

China would gain swift air superiority over Taiwan, US leaks show

April 19, 2023
china third aircraft carrier PLAN

China sends warships and aircraft around Taiwan for second day

April 8, 2023
Japan defence ministry seeks $50 billion budget

Japan changes rules to allow aid to foreign militaries

April 6, 2023
Trump order targets Chinese internet giants TikTok, WeChat

TikTok hit with UK fine, Australia government ban

April 6, 2023
Finland gears up for historic NATO decision

Long NATO delay spells trouble for Sweden and alliance: experts

April 6, 2023
Russia says fired anti-ship missiles at mock target in Sea of Japan

Russia says fired anti-ship missiles at mock target in Sea of Japan

March 28, 2023

Defense Forum Discussions

  • Royal Australian Navy Discussions and Updates 2.0
  • Royal Netherlands Navy
  • The Russian-Ukrainian War Thread
  • General Aviation Thread
  • NZDF General discussion thread
  • International Army News Thread
  • US Navy News and updates
  • Royal Canadian Navy Discussions and updates
  • China - Geostrategic & Geopolitical.
  • Italian Army discussion and Update
DefenceTalk

© 2003-2020 DefenceTalk.com

Navigate Site

  • Defence Forum
  • Military Photos
  • RSS Feeds
  • About us
  • Advertise with us
  • Contact us

Follow Us

No Result
View All Result
  • Home
  • Defense News
    • Defense & Geopolitics News
    • War Conflicts News
    • Army News
    • Air Force News
    • Navy News
    • Missiles Systems News
    • Nuclear Weapons
    • Defense Technology
    • Cybersecurity News
  • Military Photos
  • Defense Forum
  • Military Videos
  • Military Weapon Systems
    • Weapon Systems
    • Reports

© 2003-2020 DefenceTalk.com