Greece To Spend 1 Bln Euros on Army Modernization
Monday, 21 July 2014
Greek Defense Ministry is planning a large-scale modernization of the army which will cost a minimum of 1 bln euros.
Currently, the modernization program is up for consideration in the parliamentary defense committee. If approved, the plan will be launched by the end of July, according to local media, cited by Bulgarian private TV station BTV.
A total of 36 M270 Multiple Launch Rocket Systems will be modernized. Another part of the funds will go for the transportation of American Oshkosh HEMTT (Heavy Expanded Mobility Tactical Truck) from the US to Greece.
Some 150 Mln euros will be allocated for the purchase of 30,000 120 mm caliber shells for main battle tanks Leopard 2. Another 400 mln euros is provisioned for the modernization of the 4 frigates under the project MEKO 200HN, as the parts will be produced by local companies.