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France's Defense Procurement Agency Saved By Rafale Sale

The past year brought mixed results for French defense procurement agency DGA. Its chief, Laurent Collet-Billon, expects to announce a rise in exports for 2014 to €8 billion ($9 billion), a level not seen since 2009.

But the “fascinating year ahead” of the agency brings uncertainty.

 

Among DGA's top priorities is to set up so-called “special purpose entities” that will build defense equipment and then lease it back to the French military.

 

Collet-Billon confirmed the agency is “working on it,” with plans to stand up the new entities by July 1. Capitalized by the French state, these entities will either produce certain types of equipment or focus on individual but large-scale projects.

 

“A company for one A400M that costs about €100 million could make sense,” Collet-Billon told reporters in February during an annual news conference in Paris. “The product will then be leased to the armed forces.”

 

To read the full article from Aviationweek.com please click here