The Royal Thai Navy has plans to purchase two second-hand submarines at a cost of 6bn-7bn baht ($193m) as part of a ten-year plan to streamline the armed forces.
Navy chief Kamthorn Phumhiran said the proposal would be submitted to the cabinet for approval and the government would take a decision on whether or not to allocate money for the submarines.
The navy has not yet determined the specifications of the submarines, however, it is expected to buy them from European suppliers, probably Germany.
The navy also plans to buy a new fleet of frigates to replace the existing ones, which have been in use for 15 to 30 years.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe weapons procurement plans of the Thai armed forces come to an estimated 400bn baht ($12.8bn), according to the Bangkok Post.
See Also:
