Israel invests billions in local defense industries as part of project to protect its 'economic waters' - JERUSALEM ONLINE

Jul 9, 2017, 12:15PM
Amit Boukai

As part of Israel's new project to protect its natural gas rigs, the Israeli Ministry of Defense announced it would finalize a 1.5 billion NIS deal with local defense industry companies by the end of the year to purchase advanced combat systems to be installed on ships. Israel's defense minister stressed the importance of the local defense industries being invested in by the government.

The Israeli Defense Ministry announced on Sunday that it would purchase combat systems for an estimated 1.5 billion NIS from Israeli defense industries that will be used on ships to protect Israel’s gas rigs. Israeli Defense Minister Avigdor Lieberman stated that “there is a great deal of significance for the country’s economy and security.”

Israel Navy gearing up for its latest mission – protecting Mediterranean gas rigs - HAARETZ

March 09, 2017
Gili Cohen 

It will take two and half years for custom-designed missile boats being built in Germany to arrive. Until then, the navy is not resting on its laurels regarding this strategic economic asset.

For the sailors serving on the Israel Navy’s missile corvettes, the latest revelations concerning the bid for purchasing drilling rig-protecting boats, associated with the procurement of new submarines, have brought about a surprising turn of events. The combat mission of these seamen, which usually remains secretive and submerged, has become an open topic of conversation.