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 economies. The ...


"French Defense Budget Threat Recedes" is Premium Content. Subscribing will provide full access to this article as well as the opportunity to access:
-- Critical intelligence on the global aviation, aerospace & defense industries
-- Consolidated, comprehensive coverage of the programs and technologies shaping the industry
-- And much more…

Already registered? here.