Kuwait Approves $500 Million Advance Payment For 28 Eurofighters

  • Our Bureau
  • 09:25 AM, March 2, 2016
  • 3887
Kuwait Approves $500 Million Advance Payment For 28 Eurofighters
Typhoon in mutil-role fit with Brimstone missile and Paveway IV (Image:Eurofighter)

Kuwaiti parliament has approved $500 million (150 million dinars) as advance payment for the purchase of 28 Eurofighter Typhoons.

Kuwait signed a MoU in September last year with the consortium in a deal worth up to 8 billion euros ($8.7 billion).

“The 150 million dinars will be drawn from Kuwait's general reserve fund, a savings pot managed by the Kuwait Investment Authority, one of the world's biggest sovereign wealth funds,” Reuters reported citing Kuwaiti news agency, Kuna as reporting Tuesday.

Kuwait had signed a MoU to buy 28 Eurofighters for an estimated $9 billion in September last year. It was also negotiating buying 28 Boeing F/A-18E/F fighter jets by the end of 2015. The Boeing deal however has been held up by delays in US regulatory process.

Also Read

Kuwait, Italy To Finalize Eurofighter Deal Next Week

February 12, 2016 @ 12:08 PM

Eurofighter Typhoon Pips Boeing F/A-18E/F For Kuwait’s Fighter Replacement Program...

January 28, 2016 @ 08:46 AM

Kuwait Awards $70 Million Contract To ADSB For Eight Vessels

January 25, 2016 @ 07:20 AM