Tuesday, January 15, 2008

Shipyard Wins Ecuador Submarine Contract

In a new sign of cooperation with Chile's military, Ecuador is sending two Type 209-1300 submarines to Asmar for refit. The $120 million project is one of Ecuador's largest defense contracts in recent years. The German-built subs -- the Shiri and the Huancavilca -- were built in the 1970s. The deal with Asmar, a company owned by Chile's navy, follows Ecuador's acquisition of two Chilean frigates in exchange for oil exploration. (See prior post.) Asmar has experience working on Chile's own Type 209 subs. Asmar has a busy backlog, with jobs pending for an offshore patrol vessel for Iceland, another for Chile and a new research vessel also for Chile.

No comments: