Portugal Orders Three Italian-Built Frigates for €3.9 Billion in Its First Purchase Under the EU's New SAFE Defence Fund
Portugal has agreed to buy three FREMM EVO frigates from Italy's Fincantieri for €3.9 billion, delivered 2029-2030 and financed through the EU's new €150bn SAFE loan programme. It is the first known state-to-state contract under the scheme, and includes work for the Alfeite shipyard near Lisbon.