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Thursday, July 22, 2010

Italy Confirms Cutback in Eurofighter Order

FREMM FrigateDuring a lightning visit to the Farnborough Air Show on July 20, Italy's defense minister confirmed that Italy would cut its planned purchase of Eurofighters by 25 aircraft.

Ignazio La Russa said that by purchasing 96 aircraft instead of the originally planned 121, Italy would save 2 billion euros ($2.6 billion), part of a national debt reduction plan that Italy is pushing through to shore up its finances and reassure financial markets.

The 25 aircraft form the final Tranche 3B of the planned aircraft order for which the Eurofighter partners have yet to sign.

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