Cuts in the 2006 Italian defence budget have hit the Italian Navy particularly hard, with running costs slashed by 43.1 per cent to EUR256.8 million (USD362.6 million) and investment cut by a substantial EUR297.8 million, or 58.6 per cent on the previous year.
Although investment funding for the Cavour aircraft carrier, Andrea Doria (Horizon) and FREMM frigates ensures their relative security and international support underwrites the future of other projects such as the AV-8B upgrade programme, the SAAM/IT and PAAMS missile systems, Vulcano munitions and others will be postponed.
Other programmes in the balance include the mooted new LHD/LHA vessel, two second generation Type 212A conventional submarines, and a new mine-countermeasure and submarine operations command-and-support vessel with limited ARS (Auxiliary Rescue & Salvage) capabilities.
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