Jakarta cancels and scales back major defence contracts as raw materials crisis deepens

The ministry of defence has embarked on an ambitious defence acquisition programme but is struggling to find the funding to honour the contracts it has signed. Airbus, which was set to deliver two A400M by the end of 2021, is the latest company to bear the brunt of this situation. Other deals could also be affected over the coming months as the price of raw materials soars. [...] (440 words)
Issue dated 12/07/2022 Reading time 2 minutes
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