On June 15, 2022, Naval Group and the Greek company MEVACO signed a Framework Agreement on mechanical systems for FDI HN frigates for the Hellenic Navy.
Naval Group has recognized MEVACO as a major supplier of mechanical and metallurgical equipment, and under the agreement, MEVACO will supply part of the mast, hull and mobile equipment.
As pointed out in the company announcement, the signing of this framework agreement reflects Naval Group’s ambitious Participation Plan for Greek Industry, demonstrating the Group’s commitment to developing and building a strong industrial cooperation with Greek industry. The participation of Greek industry in any weapon systems procurement deal has been a commitment of the state.
Other contracts
In addition, and following the same procedure, other contracts with several other Greek companies are in the process of being signed in the coming months. The goal of Naval Group is to further develop its footprint in Greece through collaborations with Greek industry, research, and academic partners.
The Framework Agreement with MEVACO reflects the dynamics of the French-Greek cooperation that is also developing from the partnership agreement signed between GICAN (French Marine Industry Group) and SEKPY (Association of Greek Defense Manufacturers) in February 2020.
Latest News
Store Hours Change Today in Observation of Orthodox Easter
The President of the Athens Chamber of Commerce hopes the Easter period will provide a much-needed boost to retail traffic in the capital
Athens-area Mass Transit Systems Set to Finally Install Contact-less Fare Payment
Paying fares via bank cards, smartphones and smartwatches in all mass transit systems in the Greek capital, namely, buses, trolleys, the metro and tram lines, is scheduled by the end of the year
Council of State Rejects Motion Against Thessaloniki Motorway Project
The motion was filed earlier this month by three local citizens’ and environmental groups and generated a high court decision for a temporary stay in construction
Greek 30Y Bond Issue Oversubscribed by 11 Times
Very high demand pushed down the coupon's interest rate to 4.125%
Athens Int’l Airport Wins Top Prize at Routes Europe Awards
The Routes business is focused entirely on aviation route development and the company's portfolio includes events, media and online businesses
IOBE: Income Gap Between Poor and Wealthy Greeks Widens
The findings in the analysis, entitled “Progressivity in Income Taxation in Greece, 2012-2021", paint a bleak picture for Greeks in the bottom half of the income bracket, warning that income inequality is growing
Study Finds 4 in 10 Greeks to Slash Easter Spending
This year, hit by persistent inflation, many Greeks will be dishing out less on food, drink and gifts for Orthodox Easter on May 5
ELSTAT: Overnight Stays in Greece Up in Feb.
The provisional monthly data revealed that arrivals at tourist accommodations amounted to 773,104 and overnight stays were 1,677,685
Electric Energy: Greece’s New Sustainable Export
Moreover, a surplus of generated electricity cannot be fully absorbed by domestic grids and this excess power finds eager buyers in the form of companies entering into Power Purchase Agreements (PPAs), willing to pay a premium for clean energy
IOBE Revises Greek GDP Growth Downward, to 2.1% For 2024
Annual inflation is expected to reach 3%, up from the previous forecast of 2.8%