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Saturday, September 28, 2013

Turkish authority cancels Koç Holding’s national warship contract

TCG Heybeliada (F-511)Turkey’s top defense procurement body has announced it canceled a contract which was won by Koç Holding earlier to build a number of corvettes as part of the national warship project, or MİLGEM in its Turkish acronym, for around $1.5 billion, in a written statement.

The Defense Industry Executive Committee, led by Turkish Prime Minister Recep Tayyip Erdoğan, decided by late Sept. 26 to re-launch the tender after an in-depth re-examination of files by inspectors after some complaints were raised by companies who were excluded from the tender.

The statement said that the contract to produce six corvette ships by Koç Holding had been cancelled and a contract to build two ships would be awarded to the Turkish naval shipyard. The construction of four remaining ships will be put out to tender later, the statement read.

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