ironduke57
Sr. Member
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Someone in need of four new Sub´s? Only slightly used.*
Greece in Default on U-214 Submarine Order
Source & more:
- http://www.defenseindustrydaily.com/Greece-in-Default-on-U-214-Submarine-Order-05801/
Regards,
ironduke57
*Come´s with manuals and controls in greek.
Greece in Default on U-214 Submarine Order
On Monday Sept 21/09, ThyssenKrupp Marine informed the Greek Minister of Defence that it was canceling “The Archimedes Project” contract for 4 U-214 diesel-electric submarines with Air-Independent Propulsion technology, because the government’s payments had remained underwater for too long. Accumulated payment arrears are over EUR 520 million ($767 million). ThyssenKrupp and its subsidiary Hellenic Shipyards will now seek international arbitration, in order to recover some of the payments due under its contract.
This development is the just the latest chapter in a long saga. If the issue remains unresolved, or arbitration results in termination payments but no delivery, Greece could find itself without a submarine force…
Source & more:
- http://www.defenseindustrydaily.com/Greece-in-Default-on-U-214-Submarine-Order-05801/
Regards,
ironduke57
*Come´s with manuals and controls in greek.