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Europe launches Airbus-led military drone programme By Reuters

by Reuters
February 24, 2022
in Stock Market
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Europe launches Airbus-led military drone programme
© Reuters. FILE PHOTO: A brand of Airbus is seen at Airbus headquarters in Blagnac, close to Toulouse, France February 14, 2019. REUTERS/Regis Duvignau/File Photograph

PARIS (Reuters) – A European arms procurement company representing France, Germany, Spain and Italy signed a long-awaited contract with Airbus for the event of a brand new European army drone, Airbus stated on Thursday.

The contract with procurement company OCCAR consists of the event and manufacturing of 20 Medium Altitude, Lengthy Endurance programs and 5 years of preliminary in-service assist.

Eurodrone will generate greater than 7,000 high-tech jobs and strengthen European industrial sovereignty, Mike Schoellhorn, CEO of Airbus Defence and House, stated in an announcement following a signing that coincided with the outbreak of battle in Ukraine after prolonged delays in negotiations.

Airbus represents Germany and Spain, with Dassault Aviation concerned for France and Leonardo for Italy.

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