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The U-214 ssk submarine deal takes effect, and its value is published as EUR 2billion (currently about $2.9 billion) in public statements by TKMS.
The two-billion-euro orderfor six U-214 submarine material packages placed with ThyssenKrupp Marine Systems by the Republic of Turkey has been activated with the receipt of the advance payment. ThyssenKrupp Marine Systems can now begin executing the order. The order will contribute to securing employment at [ThyssenKrupp's] Howaldswerke Deutsche Werft, or HDW, in Kiel, as well as at many subcontractors in Germany and Turkey, for the next 10 years.
Of course, that's just the TKMS deal. Without a more detailed report, it's not clear whether, and how much, of the Turkish work at the Golcuk Shipyard mightbe considered extra. Hurriyet reports that the two sides had been discussing loan conditions for the last 6 months, with an agreement finally forthcoming in late June 2011. Defense News adds that the go-ahead means the end of modernization plans for Turkey's older submarines.
The two-billion-euro orderfor six U-214 submarine material packages placed with ThyssenKrupp Marine Systems by the Republic of Turkey has been activated with the receipt of the advance payment. ThyssenKrupp Marine Systems can now begin executing the order. The order will contribute to securing employment at [ThyssenKrupp's] Howaldswerke Deutsche Werft, or HDW, in Kiel, as well as at many subcontractors in Germany and Turkey, for the next 10 years.
Of course, that's just the TKMS deal. Without a more detailed report, it's not clear whether, and how much, of the Turkish work at the Golcuk Shipyard mightbe considered extra. Hurriyet reports that the two sides had been discussing loan conditions for the last 6 months, with an agreement finally forthcoming in late June 2011. Defense News adds that the go-ahead means the end of modernization plans for Turkey's older submarines.
