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 ...
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