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01 September, 2000
Greece on Thursday signed a 21-billion-drachma deal with French defense contractor Aerospatiale Matra for the acquisition of three artillery fire control systems as well as 27 guided missiles for three new naval craft.
Delivery of the Exocet MM40 (Block 2) missiles will begin in December 2001 and conclude in latter part of 2004, in line with a building schedule for the three missile patrol boats at a local shipyard west of Athens.
Additionally, the French side also stressed it was ready to supply the Hellenic Air Force's fleet of Dassault-made "Mirage" 2000-5s with the same type of missiles.
According to the defense ministry, Greek firms participating in the offset benefits emanating from the Aerospatiale Matra order include the Elefsina Shipyards, Neorion Shipyards on the island of Syros, the state-run EBO ordnance maker, Denifet, Olympic Tool and Miltech.
(One US dollar equals about 380 drachmas)
Source: Athens News Agency
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