MoD 'considering Eurofighter sale'


MoD 'considering Eurofighter sale'
Britain may be forced to sell some of the Eurofighter jets it has ordered because of budget restraints at the Ministry of Defence (MoD), a report claims.

According to the Financial Times newspaper the MoD may be forced to sell some or all of its 88 Eurofighters to other countries like Japan, South Africa or India because of its estimated £2 billion budget deficit.

Britain entered into the Eurofighter consortium with Italy, Spain and Germany to seek cheaper fighters and in a previous contract had already ordered 144 of the planes.

Now, a source told the FT, it is investigating whether offloading Eurofighters currently on order is compatible with the consortium's guidelines about the handing over of sensitive information about military hardware.

Britain already has a strong defence relationship with Saudi Arabia, having agreed 72 of the Typhoon jets in a deal penned last September.

But others may be more difficult and agreement with some of the European nations involved is expected to be difficult. Wrangling over whether each country needs to buy the same amount of jets is making the deal fraught.

Bookmark with:
Bookmark with: Digg Digg Bookmark with: Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
HR / Recruitment
Health / Beauty
Hotel / Catering / Restaurants
IT / Internet
Insurance / Pensions
International / Overseas
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Transport / Logistics
Travel / Tourism / Leisure