May 13 2015
The Israeli Defense Ministry has signed a contract with a German shipbuilder for four patrol corvettes, reports the Jerusalem Post.
The deal with ThyssenKrupp Marine Systems was signed on Monday at the Israeli Defense Ministry in Tel Aviv.
Negotiations for the deal lasted more than five years, reported Defense News.
The contract is worth 430 million euros (US$482 million), with a German government grant to cover 115 million euros (US$129 million) of the cost.
The boats...
Please log in to continue reading.
Not yet a subscriber? Take a free trial.
Military Periscope gives you easy-to-use, integrated, open-source intelligence on…
Try Military Periscope free for seven days
Military Periscope FEDLINK information
Service ID: UC Contract Number: LCFDL19D0065
Military Periscope is a product of GovExec.
600 New Hampshire Ave., Suite 510,
Washington DC, 20037, USA.
(+1) 202-450-3967
©Military Periscope 2022
All rights reserved. Redistribution of the content is prohibited without prior consent of Military Periscope.