EADS North America is withdrawing from the US Army's Joint Multi-Role/Future Vertical Lift (JMR/FVL) programme.
"We will withdraw from further consideration for the JMR/FVL concept development effort," writes chief executive officer of EADS North America in a letter addressed to assistant secretary of the army for procurement.
EADS faces financial constraints in light of the Congressional sequestration law that automatically cuts projected US defence outlays by 10% every year for 10 years and the implementation thereof.
Sequestration forced the army to reduce funding for the EADS UH-72A Lakota. The army had planned to buy 31 UH-72As in Fiscal 2014 and 10 the following year, but instead now plans to buy only 10 during the next fiscal year that begins on 1 October.
No comments:
Post a Comment