Israel Shipyards Wins €80 Million Contract for Naval Vessels
Translated & summarized from NEWSru Israel by baba
Israel Shipyards has secured an €80 million contract from the Ministry of Defense to supply naval vessels to an international client. The delivery is expected by spring 2029, with the contract including system installation and logistical support. An additional €13 million option exists for work on an already-owned vessel.
The story in 5 lines · by baba
- Israel Shipyards secured an €80 million contract for naval vessel supply.
- The deal was made with a foreign government client via the Ministry of Defense.
- Delivery and completion of the project are expected by spring 2029.
- The contract includes system installation and logistical support.
- An option for additional work is valued at approximately €13 million.
Israel Shipyards has signed an agreement with the Ministry of Defense to supply naval vessels to a foreign government client for €80 million. The company announced the deal in a statement to the Tel Aviv Stock Exchange, indicating that the vessel delivery and project completion are scheduled for spring 2029. Under the terms of the contract, Israel Shipyards will deliver a vessel equipped with specified systems and prepare the mechanical infrastructure for additional systems. The agreement also includes logistical support and system integration for the vessel, which is already part of the client's fleet and was previously built by Israel Shipyards. Furthermore, the contract includes an option for the installation of mechanical infrastructure and systems on an existing vessel, valued at approximately €13 million.
