Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Navy Wants $600 Million To Procure Missile Corvettes To Defend Israel’s Gas Rigs


The Navy wants four missile corvettes to defend Israel’s exclusive economic zone.

800px-Three_Sa'ar_5_Class_Missile_Corvettes_Going_For_a_Cruise

 Israel Navy

The Israel Navy is preparing a plan to procure four missile corvettes to protect the gas rigs in Israel’s exclusive economic zone in the Mediterranean. The ships cost an estimated $400 million and systems that will be installed on them cost an additional $200 million. A senior Navy officer says that the plan is due to be presented to the government for approval in a few weeks. The corvettes were priced after a long process in which the Navy obtained quotes from several foreign shipyards, including in Germany, South Korea, and the US. Because of the high cost of the Saar 5-class missile corvettes, four of which are in service with the Navy, the IDF decided to procure ship platforms designed for civilian use. This process should substantially lower the ships’ cost, since a Saar 5-class missile corvette reportedly costs $400 million.

A senior IDF officer says that for the cost of one missile corvette, it will be possible to procure four large civilian ships and then train the Navy to respond to security challenges in the Mediterranean. The plan calls for converting the civilian ships to warships, which will carry a wide range of offensive, defensive, communications, and warning systems developed by Israeli defense companies. The Navy estimates that 4.5 years are needed from the signing of a contract to bringing the ships to operational use, with the first ship delivered within three years.

“The new ships are a fantastic answer to our needs to meet the new challenges in the maritime space, ” says the officer. “They can be used for routine protection of Israel’s economic interests in Mediterranean, and when needed, to use them in combat operations. We’ve examined how other countries are protecting their maritime interests, and found that they all use this method.”

A Navy expert familiar with the complexities of protecting offshore rigs says, “For the IDF, this is a reasonable demand to respond to a need in a huge region, where interest has grown greatly in recent years.”

 

Published by  www.globes-online.com 

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

empty

The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...

Business

Now Platika joins and elite club of $10 billion plus Israeli firms.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

Advertisement