PPRuNe Forums - View Single Post - UK unveils new next generation fighter jet, the 'Tempest'
Old 6th Aug 2021, 07:28
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ORAC
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Italy commits cash from their defence budget to the programme.

https://www.defensenews.com/global/e...h-for-tempest/

Italy hikes 2021 defense spending, finds cash for Tempest

ROME – Italy has hiked defense spending with a new budget that includes the first 20 million euro Italian funding for the Tempest fighter.….

The part of the budget devoted to procurement stood at four billion euros, ($4.7bn) up a massive 44 percent on the previous year.…

The ministry said it was ring-fencing seven key strategic procurement programs including the
Tempest fighter program, in which Italy is teamed with the UK and Sweden.

Hitherto, the defense ministry has failed to launch funding for the program, despite warning that Italian industry would risk missing out on choice early workshare.


This year, the money has begun to flow, with 20 million ($24m) euros due in 2021 and the same amount in 2022 and 2023 according to the budget.

Over the following three years, 90 million euros ($106m) would be freed up in total, while 1.85 billion euros ($2.2bn) would be budgeted between 2027 and 2035, for a total investment of 2 billion euros ($2.4) between now and 2035……
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