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Free Daily Israel Report
Archive: 6/29/2009
09:30
Reported
News Brief
6/29/2009, Tammuz 7, 5769Navy Drops US Warship for Made-in-Israel Option
The Israeli navy has dropped plans to purchase U.S. made warships and instead is exploring the possibility of a home-grown military shipbuilding industry, according to the website of Defense News.
The Ministry of Defense had originally planned on purchasing either the small Littoral Combat Ships (LCS) from Lockheed Martin or similar corvettes built by Northrop Grumman. However, costs for the LCS ships skyrocketed to $637 million, and costs for the corvettes were estimated at $450 million, both deemed prohibitive to the navy.
The Ministry of Defense had originally planned on purchasing either the small Littoral Combat Ships (LCS) from Lockheed Martin or similar corvettes built by Northrop Grumman. However, costs for the LCS ships skyrocketed to $637 million, and costs for the corvettes were estimated at $450 million, both deemed prohibitive to the navy.