🔴 Exclusive webinar: The Secrets of ProPicks AI Success Revealed + November’s List FREEWatch Now

Spain to lend Airbus 2.14 billion euros for miltary programmes

Published 12/05/2022, 08:25 AM
Updated 12/05/2022, 08:30 AM
© Reuters. FILE PHOTO: The logo of Airbus is pictured on a flag at the entrance of the Airbus facility in Bouguenais near Nantes, France, November 14, 2022. REUTERS/Stephane Mahe/File Photo

MADRID (Reuters) -Spain will lend Airbus 2.14 billion euros ($2.26 billion) to help the company to develop its military drone and helicopter programmes in the country, Industry Minister Reyes Maroto said on Monday.

The two multi-year loans include 1.43 billion euros for Airbus Defence and Space as part of the European Union's military drone development programme, an Industry Ministry statement said.

An additional 707 million euros will be lent to Airbus Helicopters to help to modernise the Tiger helicopter fleets of Spain and France within a bilateral programme.

© Reuters. FILE PHOTO: The logo of Airbus is pictured on a flag at the entrance of the Airbus facility in Bouguenais near Nantes, France, November 14, 2022. REUTERS/Stephane Mahe/File Photo

The ministry said the EUROMALE RPAS drone development programme, which is scheduled to begin deliveries in 2028, is expected to generate 3,000 jobs a year in Spain over the next 15 years.

($1 = 0.9458 euros)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.