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July 1, 2022

Naval Group signs key contracts for Hellenic Navy’s FDI programme

The company has awarded contracts to four Hellenic companies as part of its Industrial Participation plan.

Naval Group has signed contracts and teaming agreements with its Hellenic industrial partners for the Hellenic Navy’s (HN) defence and intervention frigates (FDIs) programme.

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The contracts and agreements were signed at the French Embassy in Greece on 30 June.

The latest signing is part of Naval Group’s Hellenic Industrial Participation plan, which aims to develop new capabilities in Hellenic industry and support the construction of HN’s frigates.

The plan will also generate and sustain job opportunities and long-term economic benefits in Greece.

In order to support the FDI programme, Naval Group awarded contracts to four companies, namely EMMIS, Mevaco, Stelma and Viking Norsafe Hellas.

Mevaco will supply its mechanical equipment, EMMIS will provide electrical transformers, Viking Norsafe Hellas will deliver rigid hull inflatable boats and Stelma will carry out the paint application work.

Naval Group also entered an exclusive competitive dialogues and teaming agreements with Prisma, Scytalys, Miltech Hellas, Akmon and Intracom.

Naval Group Operation and Performance executive vice-president David Quancard added: “At Naval Group, we are convinced that partnership is a key and strategic driver for success of complex programmes that we conduct.

“As the procurement for the frigates is on track, we know that this program will be the first of many we will work on together.”

Apart from the frigate programme, Naval Group aims to build long-term partnership to develop naval warfare capabilities of the Hellenic Industry and support HN.

The group has begun to engage with more than 50 prequalified Hellenic companies and has identified over 80 projects.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
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by GlobalData
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