×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Wednesday
01
Jul 2026
weather symbol
Athens 27°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> World

Shocking news for Turkish Military shipbuilding industry

US deal with Saudi Arabia is a major blow for Turkey

Newsroom June 2 07:04

Δείτε περισσότερα άρθρα μας στα αποτελέσματα αναζήτησης

Add Protothema.gr on Google

 

The $110-billion weapons sales deal that US President Trump signed during his visit to Saudi Arabia has knocked Turkish shipyards aiming to export Corvette-class vessels from the MILGEM (National Ship) program to Saudi Arabia into a spin.

>Related articles

Why is Trump sending American engines for the Turkish KAAN fighters, while lawmakers set up a blockade in Congress against the F-35s

Congressional initiative seeks to block F-35 fighter jet sales to Turkey

John Bolton pleaded guilty in court to possessing classified documents

The Turkish government wants to finalize efforts to ink a deal to sell four indigenous MILGEM Corvettes for a total of nearly $2 billion. The termination of this agreement came as a complete shock to Turkish shipyards, which are already in economic crisis. Although Turkey has been negotiating with various countries to export these warships, it has not yet succeeded.

According to the USNI News website, Saudi Arabia preferred the Freedom Class Frigate by the American company Lockheed Martin over the MILGEM Corvettes. According to the site, the cost of this project is $6 billion. According to the website C4defence, the cost of the project is up to $11 billion once factors such as planning and fulfillment of operations support, support and training facilities, repairs and spare parts, support and test equipment, and communications equipment employing the Link 16 network has been added to the cost of the vessels.

Source

Ask me anything

Explore related questions

#arms deal#business#corvette#Saudi Arabia#turkey#usa
> More World

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Deputy PM at the Newmoney conference: “We are shaping the image of a country that is moving forward and implementing reforms”

June 30, 2026

Five-storey luxury apartment block was planned beside Petralona building that collapsed

June 30, 2026

Oreokastro fire: Search for missing child – of man found dead and woman rescued with burns – winds have eased, 115 firefighters on the scene

June 30, 2026

New Democracy at 30.5%, Tsipras’s ELAS at 16.5%, PASOK and Karystianou tied for third place, MARC poll reveals

June 30, 2026

US Supreme Court upholds birthright citizenship in major blow to Trump

June 30, 2026

Kyriakos Mitsotakis to attend presentation of New Democracy Parliamentary Group’s new digital platform

June 30, 2026

Extreme heat kills five in Italy in 24 hours as WHO calls Europe meeting

June 30, 2026

How Greece’s new ‘open’ occupational pension funds will work for small businesses

June 30, 2026
All News

> Greece

In reverence, the emotional deposition in Jerusalem, see photos & video

The Holy Temple of the Resurrection opened after many days due to the war between Israel and Iran

April 10, 2026

In the final stretch for the accreditation of joint master’s degrees: Aiming for their launch in the coming academic year

April 10, 2026

Schedule for Epitaph Procession today (10/4)

April 10, 2026

Perfect weather for Easter excursions, according to Tsatrafyllia’s forecast

April 10, 2026

Easter in Greece: The customs that continue in Greek tradition – From Nafpaktos to Corfu

April 10, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα