
Orizzonte Sistemi Navali S.p.A. said that OCCAR, the European Union agency in charge of multinational weapons procurement projects, had notified them that the Italian Navy was exercising a contract option to obtain two FREMM frigates.
The frigates would be the ninth and tenth for Italy under the Italian-French FREMM, or Multi Mission European Frigates, program. The value of the option exercise carries a value of about $818.1 million.
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