AIRLINK 206.75 Decreased By ▼ -6.07 (-2.85%)
BOP 10.15 Decreased By ▼ -0.10 (-0.98%)
CNERGY 6.68 Decreased By ▼ -0.32 (-4.57%)
FCCL 33.20 Decreased By ▼ -0.27 (-0.81%)
FFL 16.70 Decreased By ▼ -0.94 (-5.33%)
FLYNG 22.25 Increased By ▲ 0.43 (1.97%)
HUBC 128.00 Decreased By ▼ -1.11 (-0.86%)
HUMNL 14.07 Increased By ▲ 0.21 (1.52%)
KEL 4.78 Decreased By ▼ -0.08 (-1.65%)
KOSM 6.40 Decreased By ▼ -0.53 (-7.65%)
MLCF 42.43 Decreased By ▼ -1.20 (-2.75%)
OGDC 213.60 Increased By ▲ 0.65 (0.31%)
PACE 7.00 Decreased By ▼ -0.22 (-3.05%)
PAEL 41.30 Increased By ▲ 0.13 (0.32%)
PIAHCLA 16.77 Decreased By ▼ -0.06 (-0.36%)
PIBTL 8.35 Decreased By ▼ -0.28 (-3.24%)
POWER 8.85 Increased By ▲ 0.04 (0.45%)
PPL 184.10 Increased By ▲ 1.07 (0.58%)
PRL 38.85 Decreased By ▼ -0.78 (-1.97%)
PTC 24.35 Decreased By ▼ -0.38 (-1.54%)
SEARL 97.85 Decreased By ▼ -0.16 (-0.16%)
SILK 1.03 Increased By ▲ 0.02 (1.98%)
SSGC 40.50 Decreased By ▼ -1.23 (-2.95%)
SYM 18.08 Decreased By ▼ -0.78 (-4.14%)
TELE 8.97 Decreased By ▼ -0.03 (-0.33%)
TPLP 12.40 No Change ▼ 0.00 (0%)
TRG 65.20 Decreased By ▼ -0.48 (-0.73%)
WAVESAPP 10.51 Decreased By ▼ -0.47 (-4.28%)
WTL 1.82 Increased By ▲ 0.03 (1.68%)
YOUW 4.03 No Change ▼ 0.00 (0%)
BR100 11,802 Decreased By -64.6 (-0.54%)
BR30 35,628 Decreased By -69.4 (-0.19%)
KSE100 113,262 Decreased By -886.7 (-0.78%)
KSE30 35,636 Decreased By -316.2 (-0.88%)

The United States on Wednesday approved $4.7 billion in deals for American firms to sell jet fighters to Slovakia, military helicopters to Spain and armed drones to Britain. All three countries are Nato members, and the sale of F-16 fighters to Slovakia will enable it to retire its Russian-built MiG-29s and build a fleet to work with its Western allies.
US President Donald Trump has called on all Nato members to increase their defense spending and thus better distribute the burden of paying for the alliance's collective security. The total coast of Slovakia's package - 14 jets plus spare parts, air-to-air missiles, guided bombs and US contractors to train local crews - will come to $2.91 billion. "Slovakia's current fighters are not interoperable with US forces or regional allies," the US Defense Security Cooperation Agency said, in a statement.
US defense contractor Lockheed Martin and its suppliers and sub-contractors will receive the bulk of the spending. Meanwhile, longstanding Nato member Spain has been approved to spend $1.3 billion to buy seventeen CH-47F Chinook heavy-lift helicopters from US aerospace giant Boeing. And Britain plans to spend $500 million with General Dynamics on the firm's MQ-9 Reaper, an unmanned plane that allows remote operators to carry out reconnaissance or fire missiles. British forces adopted the Reaper in order to work alongside their US allies in Afghanistan and the contract covers support and maintenance as it becomes part of their standard fleet.

Copyright Agence France-Presse, 2018

Comments

Comments are closed.