Venezuela Signs $2B Arms Contract with Spanish FirmsDec 04, 2011 14:52 UTC
In 2005, DID covered a report on Latin American arms procurement that highlighted Venezuela as the major arms buyer in the region. In November 2005, Defense-Aerospace.com translated a document (URL now broken) noting that Spain’s Minister of Defence Jose Bono had attended a contract-signing ceremony wherein EADS-CASA will deliver 12 aircraft and Navantia would deliver 8 ships; the total value of both contracts was EUR 1.7 billion ($2 billion), of which the aircraft represented only about EUR 450-500 million.
Other sources noted that Spain would deliver 10 C-295 light-medium transport aircraft and 2 CASA EADS CN-235MPA Persuader maritime patrol aircraft. Though the contract reports did not specify exact ship classes, the deal also reportedly included 4 corvettes and 4 patrol vessels from Spanish ship-builder Navantia.
Technology transfer export laws – and their accompanying restrictions – would play a role in this sale. Some parts of the deal would make it, and others wouldn’t. In the aftermath, work continues:
- Suddenly You Find You’re Out There, Walking in a Storm…
- Yesterday’s Gone: Progress and Developments
- Appendix A: The Nature of the Vessels