ISSUED BY: GCIS Communications Command Center
SOURCE: Defense News
26February2011 5:00pmEST
GCIS INTELLIGENCE UPDATE: ROME – Italy has sold Libya explosives, gun targeting equipment and other military hardware worth tens of millions of euros (dollars) in the past two years, Italian daily Corriere della Sera reported on Feb. 26.
The newspaper quoted an official report from the Italian interior ministry that listed signed contracts as well as ongoing negotiations between Libya and several major Italian defense companies including industry giant Finmeccanica.
Missile systems maker Mbda Italia signed a deal worth 2.5 million euros in May 2009 to supply Libya with "material for bombs, torpedoes, rockets and missiles," the interior ministry report was quoted as saying.
Helicopter maker Augusta Westland signed two contracts with Libya in October 2010 worth 70 million euros. Also last year, Selex Sistemi Integrati signed a 13-million-euro deal to provide Libya with gun targeting equipment.
Italy and its former colony Libya signed a friendship treaty in 2008 that opened the way for major business deals. Italy is now Libya's top trade partner and Italian energy major ENI is the biggest foreign energy producer in Libya. (read full report)