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Last Trade - 14/05/21

Sector
Industrials
Size
Large Cap
Market Cap £67.37bn
Enterprise Value £69.66bn
Revenue £42.84bn
Position in Universe 14th / 850

Germany backs 3 bln euro contract for European military drone

Wed 14th April, 2021 3:21pm
BERLIN, April 14 (Reuters) - The German parliament's budget
committee on Wednesday approved a 3 billion euro ($3.59 billion)
contract for the development of a European military drone to be
built by Airbus  AIR.PA , Dassault  AVMD.PA  and Leonardo
 LDOF.MI   a parliamentary source said.
    The German military will receive 21 drones, 12 ground
control stations and four simulators from the joint project with
France, Italy and Spain, with delivery expected to start in
2030, according to a separate defence source. 
    The new drones are supposed to eventually replace drones
from Israel Aerospace Industries which Germany has leased and
has been operating in military missions in Afghanistan and Mali.
    The European drone will be technically capable to carry
weapons but any such move would be conditional on the approval
of the German parliament which only in December blocked a push
to arm the drones currently leased by the German military.
    With an expected length of more than 15 metres and a
wingspan of 30 metres, the drone will be able to stay in flight
for more than 24 hours at heights of around 13,000 metres to
monitor the situation on the ground with sensors such as radars
and infrared cameras. 

($1 = 0.8365 euros)

 (Reporting by Sabine Siebold, editing by Emma Thomasson and
Michael Nienaber)
 ((Sabine.Siebold@thomsonreuters.com; +49-30-2201-33574;))
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