FARAD S.A. is proud to announce the signing of a new direct contract with Naval Group Hellas, Naval Group’s subsidiary in Greece, during the DEFEA 2025 (Defence Exhibition Athens).
This agreement marks an important milestone in the long-standing collaboration between FARAD S.A. and Naval Group, one of Europe’s foremost naval defence companies.
The five-year agreement establishes FARAD S.A. as an official maintenance provider for the three new FDI (Frégate de Défense et d’Intervention) frigates of the Hellenic Navy. Under this contract, FARAD S.A. will deliver a broad range of technical maintenance services, covering multiple ship systems and equipment, to ensure the vessels’ continuous operational readiness and long-term performance.
During the signing, Mr Benoit Chapalain, CEO of Naval Group Hellas, stated:
“We just signed our new direct contract with FARAD S.A. For us at Naval Group, it is absolutely logical to maintain and develop our ongoing cooperation with FARAD S.A., which is already involved in the construction of the FDI, and to further expand it in future projects of newbuildings and services. The involvement of FARAD S.A., through this new contract, in the forthcoming In-Service Support activities of the FDI is another significant illustration of Naval Group’s ambitious Hellenic Industrial Participation plan.”
Mr Panagiotis Fanouriadis, Commercial Manager at FARAD S.A., added:
“This agreement is the result of a solid, long-standing relationship between FARAD S.A. and Naval Group and demonstrates our continued dedication to delivering top-tier engineering and maintenance solutions. It also underlines the important role Greek industry can play in supporting complex naval programmes. We take great pride in deepening our cooperation with Naval Group and contributing to the operational strength of the Hellenic Navy.”
FARAD S.A. will contribute its extensive expertise not only in the design and production of high-performance heat exchangers but also in delivering integrated maintenance and engineering services across multiple naval systems.
The company remains committed to supporting the maritime and defence sectors through dependable service, innovation, and strategic industrial cooperation.
About FARAD
FARAD S.A., headquartered in Greece, is a leading manufacturer of high-performance heat exchangers and provider of advanced maintenance solutions for the maritime and industrial sectors. With over 45 years of experience, FARAD combines engineering expertise with innovative surface treatment technologies. The company is committed to delivering efficient and long-lasting solutions that support clients worldwide in maintaining operational excellence across diverse industries, from maritime to energy and beyond.
About Naval Group
As an international naval defence player, Naval Group is a partner for countries seeking to maintain control over their maritime sovereignty. Naval Group develops innovative solutions to meet its customers’ requirements and is present throughout vessels’ entire life cycle. The Group designs, produces, equips, integrates, supports and upgrades submarines and surface ships, along with their systems and equipment, through to the final phases of deconstruction and dismantling. Naval Group’s unique know-how in autonomous systems, underwater weapons, and drones positions it as a leading contender to become the European leader in the sector. As a high-tech company, it draws on its outstanding expertise, cutting-edge design and production resources, and its ability to establish strategic partnerships, in particular within the framework of technology transfers. It also provides shipyard and naval base services. Operating across five continents, the Group generates revenue of €4.355 billion and employs 16,722 people (average annual full-time equivalent workforce – figures as on 31 December 2024).
