Jerusalem, 12 October, 2026 (TPS-IL) — Israel Shipyards has signed an agreement worth approximately €80 million ($89 million) to supply a vessel and related services to an unnamed foreign government, the Haifa-based company announced.
The framework of an agreement between Israel’s Ministry of Defense and the foreign government includes a new vessel equipped with mechanical infrastructure for additional systems, as well as logistical support and systems integration on an existing vessel previously supplied by the company.
The agreement also includes an option worth approximately €13 million ($14.5 million) for additional installations on the existing vessel. Delivery and completion of the work are expected within 30 months.