Canceled: $5.2 Billion Airbus A400M sale to S.Africa
World News • November 2009 • Views: 236
CAPE TOWN, Nov 5 (Reuters) - South Africa cancelled a $5.2 billion contract to buy eight Airbus A400M military transport aircraft due to rising costs and delivery delays, cabinet spokesman Themba Maseko said on Thursday.
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Lockheed Martin (LMT.N), producer of the veteran C-130 airlifter, has predicted extra sales due to A400M delays, which have mainly been blamed on engine software problems.