Singapore delays $1 bln fighter contract until Q2
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Threats are fluid and can change in the future. Our planners will no doubt bear in mind in the event we do not buy into the best available NGF, the possibility is open to our potential adversaries to do so. Strategically, that may be a dangerous course to take.
My guess is the confirmation might have been delayed due to the high euro; hopefully it will be cheaper in the next few months. -
The Euro may just stay at this rate as of the depreciation of the USDOriginally posted by suntze:Threats are fluid and can change in the future. Our planners will no doubt bear in mind in the event we do not buy into the best available NGF, the possibility is open to our potential adversaries to do so. Strategically, that may be a dangerous course to take.
My guess is the confirmation might have been delayed due to the high euro; hopefully it will be cheaper in the next few months. -
The Euro is at SGD 2.15, down from the peak of 2.35, ie. 9% off the peak and perhaps more eventually. That is a huge saving. The USD is also going down against the SGD.
However, as said earlier, cost is an important consideration but should be only after strategic considerations are met. -
Nope... This is still very high...Originally posted by suntze:The Euro is at SGD 2.15, down from the peak of 2.35, ie. 9% off the peak and perhaps more eventually. That is a huge saving. The USD is also going down against the SGD.
However, as said earlier, cost is an important consideration but should be only after strategic considerations are met. -
The Euro is high and will be going higher.....I thought this project will have payment milestones stretching over 5 years maybe?
Unless you sign it in US dollars! Then......we got a deal here......maybe.
If things go hairy........Buy gold and barter. -
MINDEF to decide on Fighter Replacement Programme over next few months
By S Ramesh, Channel NewsAsia
SINGAPORE : Singapore's Defence Ministry will decide on the contract for its Fighter Replacement Programme in the next few months.
Replying to MPs in Parliament on Friday, Defence Minister Teo Chee Hean disagreed with media reports that there had been a delay in the decision.
He said this was incorrect.
Singapore's robust and thorough evaluation meant that MINDEF had not awarded the contract as quickly as some might have hoped.
Mr Teo said MINDEF will decide on the contract award in the next few months.
And it will ensure that it extracts the best value for money for its ongoing programmes. - CNA
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The Singapore Military Industrial Complex is far too big today.......lots of over qualified Indian chiefs.
I'm not sure all share the same view as those of Minister.....some of them maybe his buddies.
There's got to be a lot more transparency here. -
Seriously I hope they can finally decide on the plane real soon. For those who have followed this news closely since day 1 such as me have been waiting for quite a few years already.In fact, we already have countless topics on this subject in military nuts And I am quite sure i am not the only military nut getting anxious and even impatient on this. Can anyone offer any explanations to why they are taking so long? I mean the naval helicopter seems to have started later(at least from the official media), had already being decided upon. Is it true that fighter planes are harder to evaluate?
