EADS Cuts Funding Request to Germany, France, Spain for Drone
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European Aeronautic, Defence & Space Co. is asking Germany, France and Spain for a combined 300 million euros ($423 million) over three years to help it develop the Talarion unmanned aerial vehicle, the chief of EADS’s defense unit said.
EADS said in January 2010 it needed 1.5 billion euros in total from the three governments to continue developing Talarion, which is intended to perform reconnaissance and surveillance missions. EADS trimmed its request, recognizing the countries’ severe budget constraints, said Stefan Zoller, chief executive officer of the defense unit, Cassidian, said today at a briefing in Munich.