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Bulgaria inks two helicopter repair deals with Terem worth 19.8 mln euro

Author Mario Tanev
Bulgaria inks two helicopter repair deals with Terem worth 19.8 mln euro Air Force Bulgaria/ Facebook

SOFIA (Bulgaria), June 12 (SeeNews) - Bulgaria's defence ministry said on Wednesday that it has signed two helicopter repair framework agreements with state-owned Terem Holding, worth a total of 38.7 million levs ($22.4 million/19.8 million euro).

Terem Holding's wholly-owned unit Terem-Leterz will act as a subcontractor and carry out 93% of the works under each of the two contracts, the defence ministry said in a notice.

The larger contract, worth 27.8 million levs, envisages capital repair of Mi-24 helicopters, while the other contract concerns the capital repair of Mi-17 helicopters.

Three candidates tabled bids for the Mi-24 repair contract, while smaller Mi-17 repair deal drew the interest of four companies.

(1 euro = 1.95583 levs)

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