Israel Shipyards in a big deal – $ 128 million –...


Israel Shipyards

Israel Shipyards





Page Quote News Graphs Company Profile Recommendations

More articles on the subject:

Will supply vessels to the country in Asia for about $ 128 million. The agreement, which also includes the supply of various equipment and services, will be spread over a period of 3.5 years in accordance with milestones set between the parties. “The current deal illustrates the positioning of Israel Shipyards as a leading international player in the field of vessel production,” says Eitan Zucker, CEO of Israel Shipyards, “thanks to the vast experience and knowledge gained by the company during its years of operation. The deal, to the extent that it is finally approved, will lead to a significant increase in the backlog of works of Israeli shipyards, and will ensure the company growth in its revenues in the coming years. ”

As part of the transaction, Israel Shipyards will, in addition to supplying the products, upgrade the customer’s shipyard and transfer knowledge to the customer for the purpose of assembling some of the vessels in the customer’s country, as well as training customer representatives regarding the vessel’s operation, maintenance and assembly of vessels. The management of Israel Shipbuilding Industries states that the transaction is carried out as part of a government-government transaction, with the subsidiary committing to the State of Israel for the full implementation of the agreement and for control by the Ministry of Defense of the State of Israel.

Last September, Israel Shipbuilding Industries completed an initial public offering (IPO), in which it raised about NIS 340 million gross for about 20% of its shares.

Comments on the article(0):

Your response has been received and will be published subject to system policies.

For a new response

Your response was not sent due to a communication problem, please try again.

Return to comment

These were the details of the news Israel Shipyards in a big deal – $ 128 million –... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV ECB member: Interest rates will start to rise as economic stimulus...
NEXT Female leaders rise in the Muscat index at the end of...