Italian Minister Confirms Sale of Two Frigates to Egypt; Two More May Follow
(Source: Defense-Aerospace.com; posted July 30, 2020) By Giovanni de Briganti Italian Defense Minister Lorenzo Guerini has officially confirmed the pending sale to Egypt of two Fremm frigates originally built for the Italian Navy, but which have not yet entered service. (Fincantieri photo) PARIS --- Italian shipyard Fincantieri has committed to delivering two new FREMM-class frigates to the Italian Navy by 2024 to replace the two ships that are being sold to Egypt, Italian Defense Minister Lorenzo Guerini told a July 28 Parliamentary hearing. This is the first ministerial confirmation of a multi-billion euro Italian arms sale to Egypt that has been regularly reported in Italian media for the past two years. The reports also mentioned corvettes, helicopters and two or four squadrons of Eurofighters, with a total value of up to €9-10 billion euros. The commitment to deliver two new ships by 2024 is predicated on signature of a contract by the end of the year, a senior industry offici...