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Monday, November 21, 2011

Financially Strapped Spain Delaying Submarine Delivery

S-80 class (artist impression)Spain is facing delays to the delivery of its new S-80A submarines due to Ministry of Defence budget cuts that are expected to push back the delivery date by up to two years beyond the original date of 2013, according to Jane’s.

Shipbuilder Navantia says the Spanish navy had requested the delay and will see one boat enter service every year after the first of the four boats is delivered, the magazine reports.

Spain is one of the European countries that is looking like it is on the verge of financial collapse.

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