Spain has announced the approval of €1.786 billion in pre-financing for the development and construction of six new-generation corvettes under the European Patrol Corvette (EPC) programme, to be carried out by Navantia…
The financing, covering the 2026-2031 period, will support Spain’s participation in the programme managed by OCCAR.
The €1.786 billion in financing does not represent the total acquisition cost of the six corvettes but covers their development and construction.
The programme aims to add six new corvettes to the Spanish Navy’s fleet and address the need for combat vessels between offshore patrol vessels and frigates.
Navantia and Italy’s Fincantieri are collaborating on the design of a multipurpose corvette featuring a Full Combat configuration under the programme.
The final configuration, weapons and sensor systems of the European Patrol Corvette (EPC) platforms have not yet been announced…