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Mexico's president-elect says he'll stop US helicopter deal

AP  |  Mexico City 

President-elect has said he will cancel the pending purchase by of eight armed MH-60R helicopters from the

mentioned nixing the planned USD 1.2 billion deal as an example of extensive cost-cutting measures his government will undertake.

"That purchase is going to be cancelled because we can't make that expense," he said during a wide-ranging conference yesterday.

In April, the approved the sale of the helicopters, saying it would improve the security of a strategic regional partner. In its statement then, it said the helicopters would help fight criminal organisations.

When the deal went public, asked to cancel it. The leftist Lopez Obrador won Mexico's July 1 election in a landslide in his third try for the presidency and is to take office Dec 1.

The said in an email that the 30-day congressional notification period for the proposed sale had been completed. The next step would be for to conclude a letter of offer and acceptance laying out the final details of the sale. Then it would go through Defense Department procurement.

Lopez Obrador's comments came two days before a scheduled meeting with US as well as other Cabinet members and Jared Kushner, Donald Trump's and

During the campaign, Lopez Obrador said of the helicopter deal, "We don't want war or an arms race, we want peace, and peace comes from justice." He said his team was also reaching out to about selling the presidential jet, a 787 that arrived in 2016. "I'm not going to get on that plane," he said.

Lopez Obrador spoke after meeting with newly elected federal lawmakers. He said he presented them with his first dozen legislative priorities. Among them are changes to Mexico's education reform laws and classifying crimes involving corruption, fuel theft or election fraud as serious and without the possibility of bond.

Lopez Obrador campaigned against corruption and fuel theft from the company's pipelines has become a growing criminal enterprise.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 12 2018. 03:55 IST