Israel Approves $780 Million Deal for New Navy Missile Ships

- by Richard Pettibone
Reshef missile ship. Image – Israeli MoD

The Israeli Ministry of Defense (IMOD) has announced a $780 million deal with Israel Shipyards to acquire five advanced ‘Reshef’ missile ships. Approved by the Ministerial Procurement Committee and the Knesset’s Joint Committee of Defense Budget, the agreement aims to modernize the Israeli Navy’s fleet and boost domestic defense manufacturing.

Israel Shipyards will deliver the ships to the Israeli Navy over approximately six years, with an option for additional vessels.

The ‘Reshef’ Missile Ship, the newest and most advanced Sa’ar-class vessel, was developed jointly with the Israeli Navy. It incorporates state-of-the-art weapon systems from Israel’s defense industry to provide exceptional capabilities and naval superiority.

These new ships will replace the “Nirit” Sa’ar 4.5-class missile ships, which are being decommissioned after four decades of service.

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A military history enthusiast, Richard began his career at Forecast International as editor of the World Weapons Weekly newsletter. As the Internet became central to defense research, he helped design the company’s Forecast Intelligence Center and now coordinates the FI Market Recap newsletters for clients. He also manages two blogs: Defense & Security Monitor, which covers defense systems and international security issues, and Flight Plan, focused on commercial aviation and space systems.

For more than 30 years, Richard has authored Defense & Aerospace Companies, Volume I (North America) and Volume II (International), providing detailed data on major aerospace and defense contractors. He also edits the International Contractors service, a database tracking all companies involved in programs covered by the FI library. Richard currently serves as Manager of the Information Services Group (ISG), which develops outbound content for both Forecast International and Military Periscope.

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About Richard Pettibone

A military history enthusiast, Richard began his career at Forecast International as editor of the World Weapons Weekly newsletter. As the Internet became central to defense research, he helped design the company’s Forecast Intelligence Center and now coordinates the FI Market Recap newsletters for clients. He also manages two blogs: Defense & Security Monitor, which covers defense systems and international security issues, and Flight Plan, focused on commercial aviation and space systems. For more than 30 years, Richard has authored Defense & Aerospace Companies, Volume I (North America) and Volume II (International), providing detailed data on major aerospace and defense contractors. He also edits the International Contractors service, a database tracking all companies involved in programs covered by the FI library. Richard currently serves as Manager of the Information Services Group (ISG), which develops outbound content for both Forecast International and Military Periscope.

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