Tuesday, June 19, 2012

Saudi Arabia now to buy 600-800 Leopard battle tanks from Germany, initially Saudis intend to purchase around 300 Leopard-2 tanks, Germany's main battle tank which is also produced under licence in Spain.Final deal  with up to 800 tanks, the deal would be worth 10 billion euros ($12.6 billion), and one of the biggest-ever for the German defence industry, Bild am Sonntag reported.

There is opposition to the deal in the Chancellery and the Foreign and Defence ministries, there was support for it within the Economy Ministry, it said.A deal for a first tranche of 300 tanks is ready for signing and the Saudis want to the whole deal wrapped up by July 20, when the festival of Ramadan begins, the newspaper said.

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