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Multibillion Euro Boost for Eurofighter Project

Posted 3-22-2005 at 03:17 AM

The four European countries developing the Eurofighter unveiled a 16-billion-euro ($21 billion) cash boost for the project March 21, the Spanish defense ministry said.

http://www.ptvideo.com/Images/eurofighter.jpg

Spanish Defense Minister Jose Bono made the announcement after brief talks with British counterpart Geoff Hoon, Germany’s Peter Struck and Italy’s Antonio Martino, explaining that the cash would be used to upgrade the existing model.

The Spanish ministry added that efforts were in the pipeline to sell the aircraft to other states, including around 20 to Austria.

“Advanced” talks were under way for sales to Greece, Singapore, Switzerland and Turkey.

The four partner countries have thus far agreed to buy 620 of the planes, with an option for 90 more, and the first jets have already been delivered.

However, in late 2003, five planes which were to become part of Britain’s Royal Air Force were temporarily grounded because of technical glitches, the RAF revealed at the time, citing electrical landing gear problems.

After that setback, the aircraft, which cost 81 million euros each, were slammed as outdated Cold War relics.

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