Out With The Eurocopter Defence Deal

Is it due to the economy or is the government trying to hide something.

Malaysia ditches Eurocopters on gloomy economic outlook
http://www.themalaysianinsider.com/index.php/malaysia/11197-malaysia-ditches-eurocopters-on-gloomy-economic-outlook

KUALA LUMPUR, Oct 26 - Malaysia will ditch the RM2.3 billion Eurocopter defence deal as it battens down to face the global economic storm, sources said today.

Deputy Prime Minister and Finance Minister Datuk Seri Najib Abdul Razak decided to cut out the EC725 military helicopter contract over the weekend when the government reviewed its expenses in light of falling revenues from crude oil and palm oil and slowing economic growth for the next few years.

"The Eurocopter deal is off due to the bleak economic times ahead," a source told The Malaysian Insider. Opposition leaders and critics had savaged the purchase of the dozen EC725 helicopters, saying its RM193 million price tag per aircraft was more than double of Brazil's contract for 50 EC725 helicopters, which came to RM84 million per aircraft. The Public Accounts Committee (PAC) said it will investigate the deal.
...