Ecuador to spend US$125 million to modernize 2 submarines

Ecuador is investing about US$125 million to modernize two war submarines in Chilean Navy shipyards, according to the Ecuadoran Ministry of Defense.

The “Shyri” submarine was delivered by the Chilean Navy Armory and Shipyards (ASMAR) on Oct. 19 at the Talcahuano port, about 500 kilometers (310.7 miles) south of Santiago, the ministry said in a statement.

Another submarine, named “Huancavilca” is undergoing the identical modernization process at ASMAR and should be ready by February 2014.

Read more