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Contract on five nuclear subs to be signed Friday

May 25, 2012, 16:24 UTC+3

The shipyards will have orders in the period until 2020

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NOVO-OGARYOVO, May 25 (Itar-Tass) —— The Defense Ministry and the United Shipbuilding Corporation (USC) will sign a contract to build five nuclear-powered submarines on Friday, Industry and Trade Minister Denis Manturov said.

“A balanced decision has been made enabling a contract with the Defense Ministry. The shipyards will have orders in the period until 2020,” he said.

Pricing remains the key problem, he noted. “A compromise has been reached, and a contract based on this compromise will be signed,” the minister said.

 

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