25 Nov 02. The Greek Government approved on Monday the purchase of about 40 transport helicopters from Eurocopter (Paris:EAD.PA – News) worth around €659m and 12 Apache choppers from Boeing (NYSE:BA – News), worth another €683m, the country’s defence minister said.
The minister told reporters following a meeting of the defence procurements committee that Britain’s Vosper Thornycroft (London:VSP.L – News) will also be awarded a €415m contract to build a frigate for the Greek navy, jointly with Greek Elefsis shipyards (NEOr.AT).
Another Greek shipyard, Skaramanga, jointly with French defence electronics firm Thales (Paris:TCFP.PA – News), was awarded a €381m contract to modernise six navy frigates.
Greece has slated €11.7bn for defence spending in 2001-2005. It has also earmarked another €4.98bn euros for 60 Eurofighter Typhoon jets but the purchase has been postponed until after 2004.