Turkey to buy 6 submarines from German-led venture
ANKARA, Turkey --Turkey says it will purchase six submarines for its navy from a German-led joint venture.
Defense Minister Vecdi Gonul says the Kiel-based Howaldtswerke-Deutsche Werft GmbH, or HDW, and its British partner, Marine Force International, were selected over France's DCNS and Spain's Navantia SA. Negotiation are continuing on the final details of the $4 billion deal.
The vessels would be built in the Golcuk naval shipyard, near Istanbul, and the first submarine would be delivered in 2015, the minister said after a defense industry meeting on Tuesday.
It is not clear when the deal will be signed.
The purchases are part of Turkey's plans to upgrade its navy. 