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FInmeccanica wins 80 mln eur German frigate orders

FInmeccanica wins 80 mln eur German frigate orders

MILAN (AFX) – Finmeccanica SpA said its unit Oto Melara has won two contracts for a total value of 80 mln eur from the German defence ministry to supply gun systems for German naval frigates.

The first contract worth 70 mln eur is for the supply of five lightweight naval guns, four of which are to be installed on new F125 frigates and the fifth used for training, it said.

The second 10 mln eur contract is for the supply of remote-controlled naval gun turrets, it said.

Final contracts are expected to be signed in the third quarter, it said.

nigel.tutt@thomson.com

nt/jsa

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