PARIS — Fears of a giant defense hardware spending cut in France are diminishing after a cabinet decision limiting the defense ministry’s contribution to a planned budget-trimming exercise. Press reports indicated the government on July 2 asked the ministry to cut hardware spending by only €3.5 billion ($1.8 billion) over the next three years, instead of up to €5 billion that had been feared. And perhaps €2 billion of this could be recovered via asset sales and new operating ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "French Defense Budget Threat Recedes".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.