Greek defence minister signs LoI for Belh@rra frigate in France

The presence of the Greek Minister of National Defense, Nikos Panagiotopoulos and the National Security Adviser, ret. Admiral Alexandros Diakopoulos certainly made news as a Letter of Intent (LoI) was signed for a possible procurement of Belh@rra  frigates. This is painless and at the same time mutually beneficial development for both parties.

The French side holds a paper from one of the world’s most operationally capable Navies formally expressing its interest in acquiring the Belh@rra frigate, which facilitates the commercialization of the new defense product and the could help garner more orders to support the shipbuilding program.

And Greece is making it easier for the French side to step up with the Greek side’s official interest in trying to secure credit from the French main banking sector to complete the deal, as the money just doesn’t exist in Greece.

In addition, the French have not finalized the weapon systems to equip the Belh@rra, so there is room for “alignment with the wishes of the Hellenic Navy, although Greece will probably be required to at least shoulder some of the financial burden of the design.

Concerning the announcement made by the Hellenic Ministry of Defense on the visit of the Greek Minister and the talks with his counterpart Florence Parly, it is reported that the two ministers discussed equipment issues and the Greek side expressed intention to launch negotiations on three issues:

The supply of new frigates for the Navy, the pending resolution of the contract for the support of French Air Force (Mirage 2000) fighter aircraft, while issues relating to the delivery of transport helicopters to the Greek Army (NH-90) were settled.