Transfer to Spain of Full Ownership of 108 Leopard Tanks
(Source: Spanish Government Cabinet; issued Sept. 2, 2005)

(Issued in Spanish only; unofficial translation by defense-aerospace.com)
The Council of Ministers has approved a Memorandum of Understanding between the Spanish Ministry of Defense and the Ministry of Defense of the Federal Republic of Germany for the transfer to Spain of full ownership of 108 Leopard 2A4 main battle tanks currently in service with Spanish Army units.

On June 6, during the meeting in Germany between the Spanish and German Ministers of Defence, it was agreed that both parties would make the necessary efforts to resolve, by the end of the summer, issues that were pending since 1995 about the transfer of the 108 Leopard 2A4 main battle tanks.

It also was agreed that full property rights of the 108 tanks and their related equipment, including training material and communications equipment, would be transferred to Spain.

A total price of 16.2 million euros has been agreed for the 108 tanks, to be paid by June 2016 with no interest charges. When payment is completed, full ownership of the tanks will be transferred to Spain with no additional cost. Monies paid by Spain since 2001 on this account will be deducted from the total price.

In this way, the acquisition cost of equipment related to the tanks will be reduced to 1.8 million euros, after deduction of payments made between 2001 and 2004.

The remaining balance of 15.1 million euros will be paid between 2005 and 2016.

-ends-







prev next

Official reports See all