With the participation of delegations from 34 countries South America’s largest naval exposition was officially opened Tuesday in Valaparaíso. The seventh edition of ExpoNaval is scheduled to last until next Friday with business deals reaching 600 million US dollars according to the organizers.
UK BAE Systems has secured a two year extended agreement with Chilean ship build and repair organisation ASMAR to provide support to the country's navy Type 22 and Type 23 frigates in a move that is set to enhance Chile's naval capability.