SQUAWK/NEWS
Account
Theme
Account
Menu
Live News REGULATION ARTICLE M impact

Germany to buy four more TKMS frigates for $6.3 bln

Germany plans to buy four more Meko A-200 frigates from shipyard TKMS for about €5.6 billion ($6.3 billion), according to a finance ministry document. Parliamentary approval is expected on Thursday. This follows a decision to scrap the rival F126 frigate project with Damen.

TKMS.DE

3 billion), a finance ministry document seen showed on Tuesday, with parliamentary budget committee approval expected on Thursday. The purchase follows a decision by Defence Minister Boris Pistorius to scrap the rival F126 frigate project with Dutch shipbuilder Damen over delays and cost overruns. Here are more details from the document, which was prepared for the budget committee of the lower house of parliament: Second tranche follows four ships of same type already on order, bringing total programme to eight frigates. 3 billion.

com)