Spain Pauses USD12B U.S. F-35 Jet Purchase Deal
(MENAFN) Spain has decided to pause its plans to acquire F-35 fighter jets from the United States, according to government insiders cited by media on Wednesday.
The country has officially suspended negotiations with Lockheed Martin, the US defense contractor behind the F-35 Lightning II, indefinitely. This move comes despite previous indications of interest and initial budget provisions for the purchase.
Earlier this year, Spain approved a defense budget of €10.471 billion ($12.126 billion) and committed to spending 2% of its GDP on defense and security.
Nonetheless, Madrid’s strategy to allocate 85% of its defense budget to European-made military equipment has reportedly made the acquisition of American jets "incompatible" with the nation’s defense priorities.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
