Friday, May 12, 2017

Pakistan signs LOI to acquire four Project MILGEM corvettes

During the 2017 IDEF defence exhibition in Istanbul, on May 10th, Pakistan signed an agreement to acquiring four Turkish Project MILGEM corvettes. Karachi Shipyard & Engineering Works Limited (KSEW) from Pakistan, signed a letter of intent (LOI) with Turkish STM for the corvette-construction. According to an announcement from the Turkish Defence Industries Undersecretariat (SSM), the deal is expected to be finalized on June 30, 2017. (Source: navaltoday.com, 11-May-2017)