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Monday, October 22, 2007

Italy Draft Budget Finds Cash for New Programs

Buoyed by a potential increase in spending in 2008, Italian defense planners have allotted funds to start a series of acquisitions next year, including helicopters, submarines, maritime patrol aircraft and signals intelligence planes.

Defense officials previously announced their intention to fund new U-212 submarines, Chinooks for the Army, and EH101s for Air Force combat search and rescue, but the 2008 draft budget, obtained by Defense News, also lists two new aircraft programs.

The document includes 10 million euros ($14.2 million) to launch a 400 million euro program to replace Italy’s aging Atlantic maritime patrol aircraft by 2016.

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