MOSCOW, Oct. 29 (UPI) -- Russia's projected arms budget up to 2020 envisions building 12 new Project 22350 frigates for the Russian navy.
A Defense Ministry official familiar with the project, speaking on condition of anonymity said: "Five new frigates are expected to be launched within the next five years. The Russian navy could receive 12 such ships by 2020 if this pace of construction is maintained," Agenstvo Voyennykh Novostei news agency reported Friday.
The lead Project 22350 frigate, the Admiral Sergei Gorshkov, named after the Soviet Union's most influential naval officer, who presided over a dramatic increase in the Soviet Navy, is due to be launched in St. Petersburg's Severnaya Verf shipyard on Friday.
The Severnaya Verf shipyard has already begun constructing the second Project 22350 frigate, the Admiral Kasatonov, which is scheduled to be launched in 2011.
The Admiral Sergei Gorshkov-class frigates were designed by the Severnoe Design Bureau for a wide variety of missions in both Russian maritime waters and oceanic deployments. The cost of each frigate is estimated to be $320 million-$400 million.