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Egyptian Gazette
Home Business

Greece signs new arms deals with France worth $4.4 billion

by News Wires
March 25, 2022
in Business, World
France's Defense Minister Florence Parly

France's Defense Minister Florence Parly

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ATHENS, Greece – Greece signed deals worth some 4 billion euros ($4.4 billion) to buy three navy frigates and six additional Rafale fighter jets from France, as Athens strengthens its armed forces in response to tension with neighboring Turkey.

Defense ministers Nikos Panagiotopoulos of Greece and France´s Florence Parly attended the signing ceremony on the eve of Greece´s national day, aboard a 112-year-old battleship that currently a floating museum.

“It is with solidarity that we address the threats that face our nations and our interests,” Parly said according to AP. “This also demonstrates our will to partner with industry over the long term.”

The three FDI-class French frigates will be built by defense contractor Naval Group in Lorient, in western France, to be delivered by 2026. The agreement signed includes an option to purchase a fourth frigate at a later date.

The six new Rafale jets, to be built by France´s Dassault Aviation, were added to an earlier order of 18 Rafales that included planes previously in service with the French Air Force.

France backed Athens´ positions during a naval tense standoff in 2020 with Turkey over oil and gas exploration rights in the eastern Mediterranean Sea. In Paris last year, the leaders of Greece and France signed a security assistance pact that will include closer cooperation between forces of the two countries.

Tags: AthensFranceGreeceNavy frigatesRafale

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