Norway to buy four ThyssenKrupp subs in 4.3 billion euro deal

Image
Reuters ECKERNFOERDE, Germany
Last Updated : Aug 22 2017 | 6:58 PM IST

ECKERNFOERDE, Germany (Reuters) - Norway plans to sign a deal to buy four submarines from ThyssenKrupp in 2019, Norwegian defence minister Marie Eriksen Soreide said on Tuesday during a visit with her German counterpart to a German marine base.

German media has reported the four submarines will cost 4.3 billion euros ($5.06 billion).

The purchase of the ships is part of a cooperation agreement between the two countries, under which Germany's armed forces will buy two identical submarines from Germany's ThyssenKrupp and missiles from Norway's Kongsberg.

"We want to sign the deal in 2019 and get the first submarines in the mid-2020s," Eriksen Soreide said.

($1 = 0.8498 euros)

(Reporting By Sabine Siebold; Writing by Thomas Escritt; Editing by Edmund Blair)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 22 2017 | 6:47 PM IST

Next Story