BERLIN, Jan 21 (Reuters) - Germany's military is preparing to purchase at least three MEKO A-200 class frigates from German warship builder TKMS, each of which comes with a price tag of around 1
German military preparing to buy at least 3 frigates from TKMS,
Overview of the Frigate Acquisition
BERLIN, Jan 21 (Reuters) - Germany's military is preparing to purchase at least three MEKO A-200 class frigates from German warship builder TKMS, each of which comes with a price tag of around 1 billion euros ($1.17 billion), according to sources familiar with the project.
Details of the Purchase Agreement
The sources told Reuters that the German parliament has been notified of a preliminary agreement, and a formal purchase contract is also being prepared within the government.
Budget and Delivery Timeline
TKMS could deliver the first frigate by 2029, as requested by the military, with the successive deliveries arriving within less than a year, according to the sources.
The budget committee last year approved 7.8 billion euros for an alternative procurement strategy after a years-long delay in the purchase of the originally planned F126 frigates.
Industry publication Hartpunkt first reported the plans.
Germany's defence ministry did not immediately respond to a request for comment.
($1 = 0.8526 euros)
(Reporting by Markus Wacket, writing by Miranda Murray, editing by Thomas Seythal)
