By PIERRE TRAN, PARIS
Posted 09/12/06 , Defense News
http://www.defensenews.com/story.php?F=2100125&C=europe
French naval export company Armaris, in a bold commercial move, has proposed a license deal that would permit Pakistan to build all three Marlin submarines the company offered in its bid for Islamabad’s diesel-electric submarine program, a French industry official said.
“This is one deal we have to win,” the official said. The sale is worth around $1 billion.
Germany’s HDW has made a rival bid with its 214 sub, he said. The building of all three Marlin boats locally would mark a departure from previous French submarine sales.
In the 1994 sale of three Agosta 90B Khalid submarines to Islmabad, France’s DCN built the first in series and transferred production of the other two boats to Pakistan. The French sale of six Scorpene subs to India earlier this year followed the same industrial model.
Armaris on Aug. 26 submitted its Marlin offer to Pakistan. The offer was for the submarine only, without SM39 Exocet anti-ship missiles, as Pakistan has said it wants to arm the boats with Boeing Harpoon missiles. The boats would be fitted for, but not with, the Harpoons, the official said. The cost of integration of the U.S.-built missiles would be in Pakistan’s charge.
Armaris is a 50-50 joint venture company of DCN and Thales. In Bulgaria’s tender for four corvettes, Armaris has arranged debt financing for a purchase with a pool of banks led by French bank Societé Générale, the official said. The banks would lend Bulgaria money to buy the warships, with repayment guaranteed by the Coface export credit agency.
The Bulgarian Navy put Armaris’ Gowind corvette at the top of the list after the tender closed, and the French company is waiting for a decision from the Bulgarian government, the official said. The corvette deal is worth 700 million to 800 million euros ($888 million to $1 billion).