Above, an NH90 helicopter. Italy has pushed full delivery of Army and Navy NH90 helicopters back from 2018 to 2021. (NHIndustries)
ROME — Italy’s newly released Defense Ministry budget for 2012 reveals that a number of key procurement programs are to be slowed as spending cuts announced last year begin to bite.
After deciding last year to slash 28 percent off procurement spending, Italy has reduced its F-35 Joint Strike Fighter order, announced a fire sale of Navy ships and hatched plans to cut 30,000 troops.
But Rome had not, until now, gone public with a full breakdown on its truncated spending plan for 2012. Due for publication last November, Italy’s 2012 budget had been delayed as generals divided up scarce funds for ongoing programs.
Released to the parliament at the end of June and seen by Defense News, the spending document describes a “reduction, remodulation, slow down and reorienting” of procurement in 2012.
The completion of Italy’s purchase of 249 VBM Freccia armored vehicles, built by Iveco and Oto Melara, slips from this year to 2016, while the full buy of Italy’s second pair of U 212 submarines is pushed back from 2016 to 2017.
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After deciding last year to slash 28 percent off procurement spending, Italy has reduced its F-35 Joint Strike Fighter order, announced a fire sale of Navy ships and hatched plans to cut 30,000 troops.
But Rome had not, until now, gone public with a full breakdown on its truncated spending plan for 2012. Due for publication last November, Italy’s 2012 budget had been delayed as generals divided up scarce funds for ongoing programs.
Released to the parliament at the end of June and seen by Defense News, the spending document describes a “reduction, remodulation, slow down and reorienting” of procurement in 2012.
The completion of Italy’s purchase of 249 VBM Freccia armored vehicles, built by Iveco and Oto Melara, slips from this year to 2016, while the full buy of Italy’s second pair of U 212 submarines is pushed back from 2016 to 2017.
Read More...............
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