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New Zealand Describes Defense Goals for 2013-2016

New Zealand Describes Defense Goals for 2013-2016

The New Zealand Ministry of Defence only just finished awarding a $120-million contract to buy 10 SH-2G(I) Super Seasprite anti-submarine/anti-surface warfare helicopters from Kaman Corporation a week ago, but already the MoD is busy planning out its next series of acquisitions.

On Thursday, the MoD published its Statement of Intent describing the island nation's key defense objectives over the next three years. Among other subjects, the MoD described it will be upgrading combat systems aboard New Zealand's ANZAC-class frigates, and introducing upgraded Lockheed Martin (NYSE: LMT ) C130 Hercules transport aircraft and P-3 Orion surveillance aircraft, and NH90 medium utility helicopters (built by Eurocopter joint venture NH Industries), into service.

The Statement also envisions the MoD making other unspecified "new acquisitions and upgrades" over the next three years, within its annual budget of "around $2.3 billion" -- roughly $1.9 billion in U.S. Dollars.


Source: By Rich Smith, fool.com News - 17 May 2013

Photo: The New Zealand Navy Kaman SH-2G(I) Super Seasprite anti-submarine/anti-surface warfare helicopter (K-894) NZ03 overflying Auckland harbour, July 27, 2012 (Photo by Aero Icarus from Zürich, Switzerland)


(5/17/2013)


 
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