Italy Sells Two Fremm Frigates to Greece for Rapid Military Enhancement

What's Happening?

Italy has agreed to sell two Fremm-class frigates, the Bergamini and the Fasan, to Greece. These ships, currently in service with the Italian navy, are being sold to Greece as part of a preliminary agreement signed by the national armaments directors of both countries. The frigates, built by Italian state shipyard Fincantieri, have been operational since 2013. The sale, valued at €300 million ($352 million) per vessel, includes a support package managed by Fincantieri. This transaction is part of Italy's strategy to quickly deliver naval assets to countries facing rising military tensions, such as Greece, which is currently experiencing increased rivalry with Turkey.

Why It's Important?

The sale of these frigates to Greece is significant as it highlights Italy's role in rapidly supplying military assets to nations in need. For Greece, acquiring these frigates quickly is crucial due to escalating tensions in the Mediterranean region, particularly with Turkey. This deal not only strengthens Greece's naval capabilities but also allows Italy to upgrade its fleet by ordering newer, more advanced FREMM 'Evo' frigates. The transaction underscores the strategic importance of military readiness and the ability to respond swiftly to regional security challenges.

What's Next?

Following the sale, Italy plans to fill the gap in its naval fleet by ordering two new FREMM 'Evo' frigates. For Greece, the acquisition of these frigates will enhance its naval strength and readiness in the face of regional tensions. The deal may also influence other countries in the region to seek similar rapid military enhancements, potentially leading to a shift in the balance of naval power in the Mediterranean.