Austrian defence minister Norbert Darabos has said that two-thirds of the army’s armoured vehicles will be sold, scrapped or recycled by late 2013 in a bid to save up to €15m annually.

Agence France Presse has quoted the minister as saying: "We are getting rid of cost-intensive equipment that represents an expensive burden for the army and which we no longer need."

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The armoured vehicles that will be scrapped and sold will include more than 400 Saurers and modern Leopard tanks respectively, while other models will be recycled for spare parts.

The latest cuts will reduce the number of armoured vehicles from 1,147 to 389 by the end of 2013, which will allow the army to save on maintenance costs.

The vehicle sale is expected to bring in €19m ($25.5m), of which €2m will be used for destroying ammunition.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.