German Military Helicopters Get 'Mandatory' Funding In Budget Plan (excerpt)
(Source: Reuters; published March 19, 2019)
BERLIN --- A German military helicopter tender likely to be fought out between U.S. arms makers Lockheed Martin and Boeing will get “mandatory” funding of 1.61 billion euros ($1.8 billion) under German budget plans, a government document shows.

Some lawmakers and industry officials had worried that the long-awaited tender could be postponed because Defence Minister Ursula von der Leyen secured only half the 4 billion euro increase in military spending she had sought for 2020.

However, the document, which is due to be approved by Chancellor Angela Merkel’s cabinet this week, singled out the heavy-lift helicopter as the only major arms program on a list of “mandatory elements” of a new four-year budget plan.

The helicopter program is expected to cost Germany around 4 billion euros ($4.54 billion) in the longer term, a rich prize for the winning bidder.

Germany’s defense ministry has previously said it expects to choose either of two U.S. helicopter models, the twin-rotor CH-47 Chinook helicopter built by Boeing, or the new CH-53K King Stallion built by Lockheed’s Sikorsky helicopter unit. (end of excerpt)

Click here for the full story, on the Reuters website.


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