. Military Space News .
ASIA NEWS
Georgia takes out loan to purchase French air defense systems
by Ryan Maass
Washington (UPI) Dec 30, 2015


disclaimer: image is for illustration purposes only

Georgia lawmakers ratified a loan agreement outlining a $90 million loan from France to purchase air defense systems from the country.

The loan, worth 82.82 million euros, was presented to the Georgia Parliament by the Georgia Ministry of Defense as part of their planned reforms for the country's armed forces and related programs.

Agenda.ge reports the bulk of the loan will be used to purchase the air defense systems, while the remaining money will be used to fund other risk management expenses. In return, Georgia will pay between 1.27 and 2.1 percent in interest.

The loan ratification follows an earlier agreement signed in July between the Defense Ministry and France-based Thales-Raytheon Systems, which produces surveillance radars and additional land-based defense equipment.

Georgia defense officials have not disclosed exactly which type of weapons will comprise their planned air defense system.


Thanks for being here;
We need your help. The Space Media 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.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Nano Technology News From SpaceMart.com
Computer Chip Architecture, Technology and Manufacture






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

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

Previous Report
ASIA NEWS
Avionics on Typhoon jets can now be repaired in Saudi Arabia
London (UPI) Jul 17, 2013
Saudi Arabia's Advanced Electronic Company has become the first approved avionics repair agent for Typhoon jet fighters outside of Europe. BAE Systems, part of the international consortium that builds the multi-role combat plane, said BAE Systems Saudi Arabia and AEC will now work together with other original equipment manufacturers to transfer the repair capability for 35 avionic boxes ... read more


ASIA NEWS
Saudi intercepts missile fired from Yemen capital

Germany withdraws Patriot missiles from Turkey

Israeli missile interceptor passes final test

New SBIRS ground system celebrates two major milestones

ASIA NEWS
China tests rail-based long-range missile capable of hitting US

Russia delivers S-300 missile system to Kazakhstan free of charge

Poland acquiring air defense system

Iran says it will not accept any missile restrictions

ASIA NEWS
DARPA awards Northrop Grumman Phase III TERN contract

Drone helps icebreaker navigate treacherous Antarctic

Army unit retires Hunter unmanned aircraft systems

Italy receives Predator-A drones

ASIA NEWS
ADS to build one of two satellites for future COMSAT NG system

Thales and Airbus to supply French military satellite communications

Elbit upgrades tactical intelligence capabilities for Asian country

New tactical radio order for Harris Corporation

ASIA NEWS
Turkey contracts Otokar for Cobra II armored vehicles

Forensic seismology tested on 2006 munitions depot 'cook-off' in Baghdad

Kongsberg Protector selected for General Dynamics Stryker

German Army orders more Boxer armored vehicles

ASIA NEWS
U.S., Russia dominate arms transfers to developing countries

Pentagon needs to cut more civilian jobs, report finds

PM Abe's cabinet approves largest defence budget

Italy's Finmeccanica reorganizes

ASIA NEWS
We have met the enemy and he is us

China arrests third Japanese, detains another for spying: Tokyo

Anti-China group sails to Philippine-held island

'Armed' China ship near disputed isles: Japan

ASIA NEWS
Nanodevices at one-hundredth the cost

Scientists blueprint tiny cellular 'nanomachine'

Researchers demonstrate tracking of individual catalyst nanoparticles

New industrial possibilities for nanoporous thin films









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.