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Thursday, November 19, 2009

Turkey to buy submarines at reduced price

U214 classTurkey's Navy will buy six modern submarines to be built by Germany's HDW shipyards at a price nearly 20 percent lower than what the Germans had originally offered, procurement officials said.

The Defense Industry Executive Committee, Turkey's top decision-making body on defense procurement, selected HDW over its French and Spanish rivals in the summer of 2008. At the time, the program's expected cost was announced to be nearly 2.5 billion euros.

After yearlong price and work-sharing negotiations between the Undersecretariat for Defense Industries, Turkey's procurement agency, and the German company, a final contract was signed in July.

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