Greek companies line up to help build navy warships

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Dozens of Greek companies have been in contact with the French naval group, which is undertaking the program to build three new frigates for the Hellenic Navy, asking to cooperate in the execution of the contract.

The precise cost of the three iconic warships to Greece has not yet been released as this week’s signing concerns a memorandum of cooperation and not contracts, which remain under negotiation. However, sources indicate that the price of the three ships will be in the order of 3 billion euros. This figure will include weapons systems (hence the memorandum signed in Paris includes the weapons manufacturer MBDA) and Follow-On Support for a period not yet defined but which should last five years.

Given that Greece has long indicated that it wants part of the money intended to finance the Hellenic Navy’s shipbuilding program to flow back to the national economy, Naval Group has already scrutinized the market at looking for potential partners.

Its task force has already identified more than 100 companies, made contacts and exchanged information with more than 70 of them, including METKA, Space Hellas, Akmon, Stelma, Miltech, Prisma, Thales Hellas, Terra Spatium and Hydrus Engineering.

Naval Group has rightly named the project the “Greek Industrial Participation Project” and its working group for this purpose has been in Greece since May, the French company said. Its objective is “to strengthen the in-depth study and identification of the capacities of Greek industry, as well as to prepare the participation of industrial partners in the frigate program”.

Originally, the plan even included the eventual construction of some of the frigates in Greek shipyards, but that did not go any further. Therefore, from now on, any possibility of cooperation will be rather close, point out market insiders. Nevertheless, some preliminary work has already been done to serve as a basis for the next step.

In addition to the frigate program, Naval Group “seeks to support the development of the future capabilities of the Hellenic Navy through research and development projects in cooperation with Greek companies, universities and research institutes,” he said. he adds.


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