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12 juillet 2013 5 12 /07 /juillet /2013 16:30
Leopard 2 tank photo KMW

Leopard 2 tank photo KMW

Jul. 12, 2013 – Defense News (AFP)


General Dynamics considered as alternative


FRANKFURT — German defense technology group Krauss-Maffei-Wegmann is about to lose a contract worth at least 5 billion euros from Saudi Arabia, the daily Handelsblatt reported Friday.


The Saudis are losing patience over Berlin’s foot-dragging on a deal, worth US $6.5 billion, to deliver 270 Leopard combat tanks, which is the subject of fierce controversy in Germany, the newspaper said.


As a result, Riyadh is considering awarding the contract to US giant General Dynamics.


Handelsblatt also reported that KMW was in “advanced” merger talks with French rival Nexter.

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