Oshkosh Defense Delivered 7,000 Military Vehicles in the Region

Saudi Arabia’s World Defense Show is witnessing wide international participation. (Asharq Al-Awsat)
Saudi Arabia’s World Defense Show is witnessing wide international participation. (Asharq Al-Awsat)
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Oshkosh Defense Delivered 7,000 Military Vehicles in the Region

Saudi Arabia’s World Defense Show is witnessing wide international participation. (Asharq Al-Awsat)
Saudi Arabia’s World Defense Show is witnessing wide international participation. (Asharq Al-Awsat)

John Lazar, vice president and general manager of international programs at US-based Oshkosh Defense, underlined the company’s commitment to localizing Saudi Arabia’s defense and security industries, noting that the Kingdom constituted an attractive investment environment for the transfer of technologies and industries in the sector.

In remarks to Asharq Al-Awsat, Lazar pointed to agreements concluded by Oshkosh Defense to implement a number of Saudi programs in accordance with Vision 2030, in terms of knowledge transfer and localization of industries.

“The Kingdom has hosted our regional office since 1991, and we are ready to cooperate with the Saudi government in providing its needs for the defense sector equipment industries, just as we do with the US government,” Lazar said, emphasizing that the defense industry presented attractive investment opportunities with high economic returns.

His comments came on the sidelines of the World Defense Show, which is being held in Riyadh from March 6 - 9.

Oshkosh Defense is looking to strengthen its partnerships in the region through its presence in the Kingdom, Lazar said, revealing that the past years have witnessed the delivery of more than 7,500 military vehicles in the region, including a large number of vehicles to customers in Saudi Arabia.

The company will display its 4-door Joint Light Tactical Vehicle (JLTV) at the exhibition, he said, highlighting Saudi Arabia’s position as an attractive market for global investments in the defense industries sector.

Moreover, Lazar noted that Oshkosh would also be participating in the World Defense Show’s Customer Experience Demonstration Program, which allows the company to provide demonstration rides in the JLTV to select military and security services.



German Coalition Reaches Breakthrough on 2025 Budget, Financial Plan

A German flag blows in the wind in front of a stack of containers at the harbour in Hamburg, Germany, February 24, 2022. REUTERS/Fabian Bimmer/File Photo Purchase Licensing Rights
A German flag blows in the wind in front of a stack of containers at the harbour in Hamburg, Germany, February 24, 2022. REUTERS/Fabian Bimmer/File Photo Purchase Licensing Rights
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German Coalition Reaches Breakthrough on 2025 Budget, Financial Plan

A German flag blows in the wind in front of a stack of containers at the harbour in Hamburg, Germany, February 24, 2022. REUTERS/Fabian Bimmer/File Photo Purchase Licensing Rights
A German flag blows in the wind in front of a stack of containers at the harbour in Hamburg, Germany, February 24, 2022. REUTERS/Fabian Bimmer/File Photo Purchase Licensing Rights

The leaders of Germany's three-party coalition on Friday achieved a breakthrough in negotiations on the national budget for 2025, dpa has learnt from government sources.

The coalition leaders have also reached a preliminary deal on a financial plan to secure additional economic growth of more than 0.5% - worth an estimated €26 million ($28 million) - in the coming year.

Sources told dpa that the coalition plans to stick with strict rules against budget deficits, known as the debt brake, banking on a significant increase in economic output to overcome shortfalls in government spending.

The breakthrough comes after weeks of negotiations between German Chancellor Olaf Scholz of the Social Democratic Party (SPD), Vice Chancellor and Economy Minister Robert Habeck of the Greens and Finance Minister Christian Lindner of the pro-business Free Democratic Party (FDP).

The key sticking point has been a €10 billion deficit in government expenditure, with Lindner's FDP refusing to sideline the debt brake to allow for additional borrowing and investments, and the SPD ruling out any cuts to welfare spending.

Sources told dpa that the new deal includes a supplementary budget totalling €11 billion to overcome lower-than-expected tax revenues and higher government spending.