👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

Canada bids for mothballed prototype drone from Germany

Published 2019-02-20, 12:27 p/m
© Reuters.  CORRECTED (OFFICIAL)-UPDATE 1-Canada bids for mothballed prototype drone from Germany
AIR
-
NOC
-

(Corrects to show ministry now says only Canada submitted bid, not NATO)

By Andrea Shalal

BERLIN, Feb 20 (Reuters) - The German Defence Ministry is evaluating a bid from Canada to buy a high-altitude surveillance drone prototype that has been parked at a German air base for years after the cancellation of the Euro Hawk programme in 2013.

A formal bid for the prototype aircraft, which was demilitarised by the United States in 2017, was received from Canada, a ministry spokesman said on Wednesday without providing further details. The Canadian embassy in Berlin had no immediate comment.

NATO was also considering a bid for the drone, but had not yet submitted it, according to sources familiar with the process.

A sale of the drone would end an embarrassing chapter that raised concerns about the German military's procurement process and triggered the transfer of former Defence Minister Thomas de Maiziere to another cabinet post.

The German government told lawmakers last year that it had spent about 700 million euros ($793.5 million) on the Euro Hawk prototype built by U.S. arms maker Northrop Grumman (NYSE:NOC) NOC.N and the ISIS surveillance system built by Airbus AIR.PA .

Berlin initiated plans in 2000 to buy five Euro Hawk drones based on Northrop's Global Hawk unmanned system at a cost of about 1.2 billion euros but later cancelled the programme because of cost overruns and problems obtaining certification for use in civilian airspace in Germany.

It had only received the one prototype aircraft that is now being sold.

Berlin is now negotiating with Northrop to buy several MQ-4C Triton drones for delivery after 2025. Northrop last year said the process could take years to complete.

German opposition lawmaker Andrej Hunko, a member of the radical Left party, said the German government had declared the aircraft incapable of flight after the U.S. Air Force removed key systems.

"The airplane has salvage value at best," he told Reuters.

"Any proceeds from the sale would be a drop in the bucket, compared with the huge amounts spent on the programme."

For NATO, the drone could provide additional support to the fleet of five high-altitude unmanned Global Hawk planes it agreed to buy from Northrop in 2012 for $1.7 billion, along with transportable ground stations.

Industry officials said the Euro Hawk saga highlighted problems in German military procurement, noting that NATO's sister aircraft regularly traverse German air space to conduct surveillance missions over the North Sea. They also have no blanket approval for use in German civilian airspace but use case-by-case permissions from air traffic authorities.

It was not immediately clear what steps would be needed to return the German Euro Hawk prototype to flight.

($1 = 0.8821 euros)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.