Decisions soon on major navy acquisition program

After securing the acquisition of three frigates from France, with an option for a fourth, the government is expected to decide by year’s end on the acquisition of three corvettes, also with an option for a fourth.

It was assumed that Greece would also buy its corvettes from France; however, the Dutch have recently entered the conversation with their own Sigma 10514 ships.

The navy is also in talks as part of an interim solution to acquire four M-Type frigates, offered at 80 million per unit, which is considered a very competitive price. Two would come from the Dutch Navy and two from Belgium’s. Delivery is expected after 2025.

Talks are also proceeding apace for the acquisition of three missile systems, SPIKE / NLOS, Rampage and SPICE, all made in Israel, by IMI Systems and Rafael Advanced Defense Systems.

Theodoros Skylakakis, alternate finance minister for fiscal policy, is monitoring all procurement programs.