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Sunday, June 15, 2014

Greek navy to fast-track long-delayed submarine order

U214 class SSKGreece's navy on Friday said it would complete a long-delayed submarine order that has sparked multi-billion-euro litigation between Athens and leading German and Arab shipyards in the next two years.

The dispute, spanning over a decade, concerns the building of three 214-class submarines at Hellenic Shipyards, Greece's main shipbuilding facility where hundreds of jobs are at stake.

A navy source said the three submarines named Pipinos, Matrozos and Katsonis are "absolutely vital to the navy and a huge effort will be made to complete them".

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