Loan part of a multi-year plan to help Airbus develop military drones and helicopters in Spain
Spain has announced a plan to lend over €2.14 billion to European aerospace giant Airbus in order to help its military drone and helicopter programs.
According to a report by Reuters on Monday, December 5, the aim is to start all these projects within Spain, said Minister Reyes Maroto, the industry minister of the country.
Maroto said that loans will be given in two parts. This includes €1.43 billion which has been earmarked for Airbus Defence and Space. The remaining €707 million has been designated to Airbus helicopters.
The report said, the loan for the development of drones is a part of the European Union’s military drone development program. On the other hand, the loan to Airbus Helicopters is to help modernize the fleets of Tiger helicopters owned by Spain and France.
Maroto also stated that drone development program known as EUROMALE RPAS is scheduled to begin its deliveries from 2028 onwards. The program is expected to generate over 3,000 jobs in Spain, every year for the next 15 years.
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