London Daily

Focus on the big picture.
Tuesday, Aug 04, 2026

France may lose another multibillion shipbuilding deal to US

France may lose another multibillion shipbuilding deal to US

The United States has approved a massive arms sale to Greece, offering four new frigates and a major modernization package worth up to $9.4 billion, directly challenging a similar preliminary agreement with France.
The US State Department said it approved the potential deals on Friday, announcing the offer of several Multi-Mission Surface Combatant (MMSC) ships in addition to a separate $2.5 billion plan to modernize Greece’s MEKO Class Frigates.

“This proposed sale will support the foreign policy and national security objectives of the United States by helping to improve the security of a NATO ally, which is an important partner for political stability and economic progress in Europe,” the Defense Security Cooperation Agency said.

If executed, the scheme to update Greece’s frigate fleet would include the installation of a number of new systems, such as new five-inch artillery cannons and upgraded sonar. Arms dealers Lockheed Martin, Raytheon, VSE Corporation and the UK’s BAE Systems would serve as the primary contractors.

The announced proposal comes after France declared in September that it had reached a similar agreement with Greece to provide up to four new frigates for $3.4 billion (€3 billion). At the time, however, French military spokesman Herve Grandjean said that while some commitments had been made, no formal contract was yet signed between the two sides. He added that the deal would be finalized after a period of three months, a deadline set to mature sometime in the coming weeks.

Though it is yet unclear what the US proposal will mean for France’s deal, the move could be interpreted as a major slight by Washington, which already invoked the country’s ire earlier this year after unveiling a nuclear submarine deal with Australia despite a preexisting arrangement with Paris. France, which was slated to sell diesel subs to Canberra, responded by recalling its ambassadors in both the US and Australia, while President Emmanuel Macron sharply criticized the two allies in public.

Two weeks after the AUKUS bombshell, Macron took the stage with Greek PM Kyriakos Mitsotakis to personally announce the sale of French warships to Athens, saying it was time to “stop being naive” while touting the deal as a sign of “Europe’s strategic autonomy and sovereignty.”
Newsletter

Related Articles

0:00
0:00
Close
Reform UK Wants the Royal Navy to Return Channel Boats to France
US and Japan Step In to Support the Yen in Rare Joint Intervention
The AI Pricing Problem: Companies Cannot Predict Their Own Bills
Europe’s Heat and Drought Are Now Disrupting Power, Shipping and Tourism
Apple’s OpenAI Lawsuit Becomes a Public Fight Over AI Hardware
UK Man Jailed After Keeping His Mother’s Body in a Freezer and Claiming £78,000
A SpaceX Rocket Is About to Crash Into the Moon — and Scientists Hope to Watch
World War II munitions discovered after wildfires in southern France
BP profits reach four-year high amid Middle East conflict
Europe’s Drying Rivers Trigger Power Cuts, Factory Shutdowns and Wildfire Emergencies
UK Driver Sentenced to Four Years for Staged Electric Vehicle Brake Failure Fraud
Conservative Party and Reform UK Face Scrutiny During Clacton By-Election Campaign
Ministry of Justice Reviews Early Release Rules After Public Anger Over Police Killer Cases
NHS Radiographers Report Rising Racist Abuse From Patients Across UK Hospitals
UK Banking Regulators Face Pressure After Customer Loses Fourteen Thousand Pounds in AI Voice Scam
Research Challenges Treasury Control Over UK Public Spending and Calls for Greater Local Decision-Making
Home Office Begins Four-Week Weapons Surrender Campaign Across Major English Cities
Southern England Records Driest July in Nearly Two Centuries as Drought Concerns Grow
Apple Challenges UK Government Request for Access to Encrypted User Data in Legal Fight
BP Reports Sharp Profit Increase as Middle East Conflict Drives Global Oil Prices Higher
Nigel Farage Expresses Openness to Potential Alliance with Restore Britain
AstraZeneca Merger Talks Reflect Intensifying Pharmaceutical Consolidation
University Merger May Set Template for Higher Education Reform
Apple's Legal Challenge Highlights Growing Tension Over Encryption and Surveillance
Prime Minister Andy Burnham's Agenda Signals Shift Toward Greater Regional Devolution
Mental Health Trust Faces Criticism Over Planned £25 Million Budget Cuts
Scientists and Cultural Leaders Call for Funding to Save Jodrell Bank Observatory
UK Manufacturing Output Reaches Highest Level in Nearly Two Years
University of Greenwich and University of Kent Complete Landmark Merger
Nigel Farage Unveils Naval Border Proposal Amid Questions Over £5 Million Donation
Prime Minister Andy Burnham Pledges Tougher Action on Small Boat Crossings
Apple Challenges UK Government Over Encrypted Data Access Demands
AstraZeneca Shares Fall After Reports of $400 Billion Bristol Myers Squibb Merger Talks
Triple Lock Lifts UK State Pension but Leaves a Wider Retirement Gap
Danube Drought Forces Hungary’s Paks Nuclear Plant Into Full Shutdown
Ceuta Death Toll Rises as Spain and Europe Clash Over Border Response
Cuba’s Grid Fails Again as Fuel Crisis Deepens
Nazca Lines Flight Crash Kills Thirteen as Peru Suspends Aerodiana
Modern Slavery Decisions Broaden the Al Fayed Inquiry’s Frame
FIFA’s Retreat Leaves a Larger Question Over Who Guards the Game
Two Firefighting Crew Members Die in Helicopter Collision West of Athens
Public Sector Automation Through Artificial Intelligence
Regional Investment Beyond London
Protection of Strategic Technology Assets
UK Competition Regulator Blocks Major Foreign Takeover of British Quantum Computing Firm
UK Government Commits Two Billion Pounds to Modernise Northern Rail Network
UK Parliament Approves Planning Reforms to Accelerate Housing Construction on Green Belt Land
Scotland Approves Major Floating Offshore Wind Expansion in the North Sea
United Kingdom and European Union Sign Defence and Critical Minerals Cooperation Agreement
NHS Invests Five Hundred Million Pounds in Artificial Intelligence Diagnostics to Reduce Waiting Lists
×