Israel Shipyards to supply 2 landing crafts to African customer
Under the agreement, the customer was given an option to purchase an additional vessel, so if the customer exercises the option, the total scope of the agreement will be approximately 16 million euros
Eyal Boguslavsky
| 14/03/2022
Screenshot – YouTube, Israel Shipyardshttps://youtu.be/riRTej91Kg4
Israel Shipyards, which manufactures vessels, announced today (Sunday) that it has won an agreement to supply two vessels and various services to a government customer in Africa. The value of the deal, in which Israel Shipyards will supply the vessels over a period of about 22 months, is about 10.7 million euros. The company does not specify the model of the vessel, but Israel Defense has learned it is a new model made by Israel Shipyards that is being sold for the first time.
Under the agreement, the African customer was given an option to purchase an additional vessel within 6 months from the date of signing the transaction for approximately 5.35 million euros, so that if the customer exercises the option, the total scope of the agreement will be approximately 16 million euros.
According to senior officials in Israel shipyards, the deal supports the company's strategy to deepen collaborations with suppliers and leading companies in order to increase the supply of products and services that the company provides to its customers. This is in light of the fact that this is a type of vessel that is first sold by the shipyard.
Eitan Zucker, Israel Shipyards' CEO says: "The current deal is of strategic and significant importance for Israel Shipyards. As part of this agreement, we will provide the customer with a landing craft. We identify an evolving market segment for vessels from this family that enables operational activity and logistical support to combat forces.
“The deal expands the basket of products and services we can now offer our existing customers, and opens up opportunities for us with new customers and markets. The choice of Israel Shipyards in this agreement illustrates the company's position as a professional and quality market leader, and as an international player in the field of vessel production and development, thanks to the vast experience and knowledge accumulated in the company over the years."
Under the agreement, the customer was given an option to purchase an additional vessel, so if the customer exercises the option, the total scope of the agreement will be approximately 16 million euros
Screenshot – YouTube, Israel Shipyardshttps://youtu.be/riRTej91Kg4
Israel Shipyards, which manufactures vessels, announced today (Sunday) that it has won an agreement to supply two vessels and various services to a government customer in Africa. The value of the deal, in which Israel Shipyards will supply the vessels over a period of about 22 months, is about 10.7 million euros. The company does not specify the model of the vessel, but Israel Defense has learned it is a new model made by Israel Shipyards that is being sold for the first time.
Under the agreement, the African customer was given an option to purchase an additional vessel within 6 months from the date of signing the transaction for approximately 5.35 million euros, so that if the customer exercises the option, the total scope of the agreement will be approximately 16 million euros.
According to senior officials in Israel shipyards, the deal supports the company's strategy to deepen collaborations with suppliers and leading companies in order to increase the supply of products and services that the company provides to its customers. This is in light of the fact that this is a type of vessel that is first sold by the shipyard.
Eitan Zucker, Israel Shipyards' CEO says: "The current deal is of strategic and significant importance for Israel Shipyards. As part of this agreement, we will provide the customer with a landing craft. We identify an evolving market segment for vessels from this family that enables operational activity and logistical support to combat forces.
“The deal expands the basket of products and services we can now offer our existing customers, and opens up opportunities for us with new customers and markets. The choice of Israel Shipyards in this agreement illustrates the company's position as a professional and quality market leader, and as an international player in the field of vessel production and development, thanks to the vast experience and knowledge accumulated in the company over the years."
