GPS News  
MILPLEX
Spain announces 7.3-bn-euro defence spending plan
by Staff Writers
Madrid (AFP) Dec 14, 2018

Spain's Socialist government on Friday gave the green light for a 7.3-billion-euro renewal of military equipment which it portrayed as "social spending" that will create thousands of jobs.

"The defence ministry will launch three military programmes with an investment of 7.33 billion euros ($8.2 billion)," the ministry said in a statement detailing a plan that runs until 2032.

Already on Thursday, the government announced its state-owned group Navantia would build five frigates for the navy for 4.3 billion euros.

On Friday, the defence ministry added a further 2.1 billion euros would go to developing and building 348 VCR 8x8 armoured vehicles.

These will replace ageing vehicles which have been blamed for endangering soldiers.

In a radio interview, Defence Minister Margarita Robles referred to an incident in Lebanon in 2007 when several Spanish soldiers died, partly because one vehicle "lacked the necessary armour-plating."

The third programme aims to modernise Eurofighter fighter planes used by the Spanish airforce.

Madrid has ordered 73 Eurofighters, which are made by a European consortium.

According to NATO, Spain is estimated to have used 0.93 percent of its GDP for military spending in 2018.

But like other members of the military alliance, it has promised to devote at least 2 percent of its GDP to defence by 2024 as the United States complains it takes on too much of NATO's budget.

In January 2018, when the conservatives were in power, Spain had announced it intended to increase by 73 percent its military spending over seven years.

At the time, the Socialist opposition had criticised this rise, coming as it did with severe austerity measures following years of economic crisis.

But on Friday, Robles said the military investment was "social spending."

"Military spending contributes to security and defence but... also to creating jobs," she told Spanish radio.

"We're going to get more than 7,000 jobs over nine years in areas such as Galicia, Asturias (northwestern Spain) where job creation is absolutely vital."

The ministry estimates that "these programmes will generate at least 8,500 direct and indirect jobs in the coming years."


Related Links
The Military Industrial Complex at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


MILPLEX
Slovakia seals its largest-ever arms deal
Bratislava (AFP) Dec 12, 2018
Slovakia will purchase 14 US-made F-16 war planes in the NATO member's largest-ever military purchase, the prime minister said Wednesday, dropping his earlier objection to the deal. Defence Minister Peter Gajdos signed the contract with Lockheed Martin representative Ana Wugofski at a press conference in the capital Bratislava after the government approved the purchase. The eurozone member will buy the 14 F-16 Block 70/72 fighter jets plus arms and training valued at 1.58 billion euros ($1.8 bi ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

MILPLEX
IS 'annihilation' of Iraqi farms leaves haunting legacy

Red gold: Afghanistan saffron production grows

Egypt's fertile Nile Delta threatened by climate change

German farmers sue government over missed climate targets

MILPLEX
Electronic evidence of non-Fermi liquid behaviors in an iron-based superconductor

Copper compound as promising quantum computing unit

Harnessing the power of 'spin orbit' coupling in silicon: Scaling up quantum computation

Bringing advanced microelectronics to revolutionary defense applications

MILPLEX
Bell Boeing to conduct engineering work on the V-22 Osprey

Germany opens negligent homicide probe in Mali Airbus chopper crash

Aircraft readiness goals for 2019 unlikely to be reached, officials say

Navy taps Sikorsky for database to support CH-53K helicopters

MILPLEX
DNV GL forecasts rapid growth of electric vehicles: 50% of all new cars sold globally by 2033 to be electric

Uber filed paperwork for IPO: report

Lyft launches first step to take company public

Trump administration's fuel efficiency rollback 'deeply flawed': study

MILPLEX
Former Canadian diplomat held in China a 'pawn': experts

Beijing offers to cut auto tariffs, buy soy: US official

Global economy in 2019: Growth beginning to fray

Chinese, US negotiators discuss trade talks timetable

MILPLEX
Green thumb spruces up Bangladesh one tree at a time

Maria's far-reaching effects on Puerto Rico's watersheds and forests

Chile's pine forests: a botanical dinosaur bound for extinction

New study makes 52 million tree stories more accessible to science

MILPLEX
First Radar Image from ICEYE-X2 Published Only A Week After Launch

Experiments at PPPL show remarkable agreement with satellite sightings

Ball Aerospace delivers pollution monitoring instrument to NASA

exactEarth AIS Payload on the PAZ Radar Satellite is Now Live

MILPLEX
Artificial synapses made from nanowires

How microscopic machines can fail in the blink of an eye

Stealth-cap technology for light-emitting nanoparticles

Nano-scale process may speed arrival of cheaper hi-tech products









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.