Airbus received more than 2 billion from Spain for the war
2022.12.05 08:47
Airbus received more than 2 billion from Spain for the war
Budrigannews.com – According to Industry Minister Reyes Maroto’s announcement on Monday, Spain will provide Airbus with a loan of 2.14 billion euros, or $2.26 billion, to assist the company in developing its military drone and helicopter programs in the country.
According to a statement from the Industry Ministry, the two loans over the course of two years include 1.43 billion euros for Airbus Defence and Space as part of the European Union’s program to develop military drones.
As part of a bilateral program, Airbus Helicopters will receive an additional 707 million euros to assist in modernizing the French and Spanish Tiger helicopter fleets.
According to the ministry, over the course of the next 15 years, the EUROMALE RPAS drone development program, which is expected to begin shipping drones in 2028, is anticipated to create 3,000 new jobs annually in Spain.
($1 = 0.9476 euros)
