TRIESTE, Italy, April 17 (UPI) -- Italian shipbuilder Orizzonte Sistemi Navali and DCNS of France have announced the construction of combat vessels for the navies of Italy and Egypt. Orizzonte Sistemi Navali S.p.A. said that OCCAR, the European Union agency in charge of multinational weapons procurement projects, had notified them that the Italian Navy was exercising a contract option to obtain two FREMM frigates. The frigates would be the ninth and tenth for Italy under the Italian-French FREMM, or Multi Mission European Frigates, program. The value of the option exercise carries a value of about $818.1 million. "Considering the effort...