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Wednesday, May 30, 2012

Russian Shipbuilders Fail to Agree Nuclear Sub Program Price

Project 955 Borey nuclear-powered strategic submarineDefense Ministry, shipbuilders fail to agree price of 10 new 'Borey-class' nuclear submarines despite the intervention of President Putin

Russia’s Defense Ministry and the United Shipbuilding Corporation failed again to agree final contract terms for delivery of the new Borey class (Project 955) strategic nuclear submarine, despite the intervention of President Vladimir Putin who wants the submarines ot form the core of Russia's strategic ballistic missile force by 2018.

Defense Minister Anatoly Serdyukov said his ministry and the submarine manufacturer would return to talks in the future to agree a final price for the Borey boats by 2015.

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