Russia and France have signed an agreement to jointly build four Mistral-class helicopter carriers for the Russian Navy.
Anatoly Saikin, head of Russian arms exporter Rosoboronexport, said the agreement was a framework that neither specifies deadlines, nor the cost of the future contract.
“A contract is still a long way off. Only an intergovernmental general agreement has been signed,” he said.
Under the agreement Russia will invest 20% and 40% for the construction of the first and second warships respectively.
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.
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 formBy GlobalData
The input for the third and fourth ships will be 80% and will be built in Russia.
The first ship, worth €720m, is expected to be built between late 2013 and early 2014, and the second between late 2014 and early 2015, according to RIA Novosti.
The French Mistral-class amphibious assault ship is capable of carrying 16 helicopters, four landing vessels, 70 armoured vehicles and 450 personnel.