The Greek government owes Thyssenkrupp Marine Systems (TKMS) approximately EUR600 million (USD756 million) in overdue payments for contracted programmes, a spokesman for the shipbuilder has told Jane's.rnThe money covers a number of programmes and in some cases stretches back years, he said.rnEUR 108 million is owed for the Neptune II programme, which covers repairs and upgrades to the Hellenic Navy's Glavkos-class Type 209 submarines: HS Okeanos, HS Poseidon and HS Ampitrite.rnThe overruns are connected specifically to a proposal to substitute the modernisation of two of the boats - Poseidon and Ampitrite - with new submarines.rnEvangelos Vasilakos, generalrndirector of the Greek Defence Procurement Agency, confirmed this, saying: "Thyssenkrupp have shown very good will [towards Greece]."rnHe did not confirm or deny the figure of EUR600 million, but said: "Private companies have their own ways of calculating budgets. It's totally different for states."
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