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Austria sues Airbus and aerospace consortium for fraud

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Austria has sued Dutch aeronautics firm Airbus Group S.E. and European aerospace consortium Eurofighter Typhoon for alleged fraud and incurred damage up to an estimated €1.1 billion ($1.17 billion), Reuters reports. Airbus and Eurofighter misled Austria in a €2-billion jet order in 2003, the nation's defense ministry said. The ministry added that Airbus and the consortium illegally charged nearly 10% of the purchase price of nearly €2 billion for offset deals.

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