The Spanish Government will grant urgent military spending loans to Indra, Airbus and other companies without specifying the amount
The Spanish Government has not specified the amount of the loans and has authorised the granting of loans as a matter of urgency not only to Indra and Airbus, but also to other companies, although it has not disclosed any names.
The Spanish Navy's F-100 and F-80.
The Spanish Government has today authorised in the Council of Ministers the urgent processing of the royal decree regulating the direct granting of loans to Indra, Airbus and other companies for theindustrial development of the modernisation programmes provided forin the Security and Defence Industry and Technology Plan, which allocates EUR 10.471 billion to increase military spending in Spain to2% of GDP .
"This shall be done by means of a royal decree, in accordance with the provisions of the General Subsidies Act , which allows this procedure because there are reasons of public, social, economic or humanitarian interest which prevent the public call, as in this case, "the Spanish Government has argued in today's Council of Ministers.
"The need is based on the implementation of the Security and Defence Industry and Technology Plan to meet international commitments in the field of security and defence investment, ratified at the NATO summit in The Hague on 25 June , "added Pedro Sánchez's Government.
The Spanish Government has not specifiedthe amount of the loans and has authorised the urgent granting of loans not only to Indra and Airbus, but also to other companies, but has not reported any other names.
On the other hand, the Ministry of Defence has awarded a public contract of 6.34 million euros to the Norwegian company Kongsberg for the purchase of an autonomous underwater vehicle for the new BAM-IS vessel manufactured by Navantia for the Spanish Navy.
Navantia began last December at the Gaditana shipyard the construction of the BAM IS, a ship of more than 5,000 tons, with a back of about 400 square meters.
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