50% Off! Beat the market in 2025 with InvestingProCLAIM SALE

French government announces new contract to help NH90 helicopter after Norway blow

Published 06/13/2022, 05:38 AM
Updated 06/13/2022, 05:56 AM
© Reuters. A sub-scale sized model of an heavy-class military helicopter NH90 by Airbus is displayed at Euronaval, the world naval defence exhibition in Le Bourget near Paris, France, October 23, 2018. REUTERS/Benoit Tessier

PARIS (Reuters) - The French armed forces ministry announced on Monday a new contract to help the performance of the NH90 military helicopter, just days after Norway said it would axe its fleet.

© Reuters. A sub-scale sized model of an heavy-class military helicopter NH90 by Airbus is displayed at Euronaval, the world naval defence exhibition in Le Bourget near Paris, France, October 23, 2018. REUTERS/Benoit Tessier

The French government said the new contract was aimed at addressing a problem regarding a shortage of materials for the helicopter, which is developed by a consortium between Airbus, Italian company Leonardo and Fokker.

Norway said last week that it would return the NH90 military helicopters it ordered from the NHIndustries consortium because they are either unreliable or were delivered late.

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.