. 24/7 Space News .
ASIA NEWS
Georgia takes out loan to purchase French air defense systems
by Ryan Maass
Washington (UPI) Dec 30, 2015


disclaimer: image is for illustration purposes only

Georgia lawmakers ratified a loan agreement outlining a $90 million loan from France to purchase air defense systems from the country.

The loan, worth 82.82 million euros, was presented to the Georgia Parliament by the Georgia Ministry of Defense as part of their planned reforms for the country's armed forces and related programs.

Agenda.ge reports the bulk of the loan will be used to purchase the air defense systems, while the remaining money will be used to fund other risk management expenses. In return, Georgia will pay between 1.27 and 2.1 percent in interest.

The loan ratification follows an earlier agreement signed in July between the Defense Ministry and France-based Thales-Raytheon Systems, which produces surveillance radars and additional land-based defense equipment.

Georgia defense officials have not disclosed exactly which type of weapons will comprise their planned air defense system.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Space Technology News - Applications and Research






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
ASIA NEWS
Avionics on Typhoon jets can now be repaired in Saudi Arabia
London (UPI) Jul 17, 2013
Saudi Arabia's Advanced Electronic Company has become the first approved avionics repair agent for Typhoon jet fighters outside of Europe. BAE Systems, part of the international consortium that builds the multi-role combat plane, said BAE Systems Saudi Arabia and AEC will now work together with other original equipment manufacturers to transfer the repair capability for 35 avionic boxes ... read more


ASIA NEWS
Rare full moon on Christmas Day

LADEE Mission Shows Force of Meteoroid Strikes on Lunar Exosphere

XPRIZE verifies moon express launch contract, kicking off new space race

Gaia's sensors scan a lunar transit

ASIA NEWS
University researchers test prototype spacesuits at Kennedy

Marshall: Advancing the technology for NASA's Journey to Mars

Opportunity positioned on steeper slopes for another Martian winter

Martian gullies likely contain 'no water': study

ASIA NEWS
Celebrity chefs create gourmet delights for astronauts

Researchers Recall Work on First Rendezvous in Space

NASA Accepting Applications for Future Explorers

China drives global patent applications to new high

ASIA NEWS
Agreement with Chinese Space Tech Lab Will Advance Exploration Goals

China launches new communication satellite

China's indigenous SatNav performing well after tests

China launches Yaogan-29 remote sensing satellite

ASIA NEWS
Two whacks is all it takes for spacewalk repair

Unscheduled spacewalk likely on Monday

NASA spacewalk to fix ISS rail car

British astronaut docks with ISS as country cheers debut trip

ASIA NEWS
45th Space Wing launches ORBCOMM; historically lands first stage booster

SpaceX rocket landing opens 'new door' to space travel

NASA orders second Boeing Crew Mission to ISS

ESA and Arianespace ink James Webb Space Telescope launch contract

ASIA NEWS
Nearby star hosts closest alien planet in the 'habitable zone'

ALMA reveals planetary construction sites

Monster planet is 'dancing with the stars'

Exoplanets Water Mystery Solved

ASIA NEWS
Nature's masonry: The first steps in how thin protein sheets form polyhedral shells

Move aside carbon: Boron nitride-reinforced materials are even stronger

Super strong, lightweight metal could build tomorrow's spacecraft

BAE Systems to provide radar support for U.S. Air Force









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.