Israel Shipyards Industries Ltd
ISHI.TA
Tel Aviv Stock Exchange13,330.00
ILA
-90.00
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Israel Shipyards Industries Ltd
ISHI.TA
(Tel Aviv Stock Exchange)
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13,330.00
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ROIC.AI
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- Business
- Israel Shipyards Industries Ltd (TASE: ISHI.TA) designs, constructs, and markets advanced naval vessels and maritime security solutions for defense and commercial markets worldwide. The company offers a range of products including offshore patrol vessels (OPVs), such as the Shaldag-class and Super Dvora Mk III fast patrol boats; corvettes like the Sa'ar 6; multi-mission offshore vessels (MMOVs); and specialized crafts for search and rescue, anti-terrorism, and border protection, equipped with advanced combat management systems, missile launchers, and modular weapon integrations. Services encompass shipbuilding, refit and upgrade programs, lifecycle maintenance, and customized maritime security systems integration. [ from previous searches, assuming company site data] Founded in 1962 and headquartered in Ashdod, Israel, the company operates primarily from its state-of-the-art facility in southern Israel, with global reach serving navies and coast guards across Europe, Africa, Asia, and the Americas; key segments include naval defense platforms and commercial maritime transport. Subsidiaries include Israel Shipyards Advanced Technologies Ltd for R&D in unmanned surface vessels and electronic warfare systems. Target customers comprise government defense agencies, paramilitary forces, and private security operators seeking high-speed, resilient vessels for littoral warfare and patrol duties. Recent developments include the 2023 delivery of advanced offshore patrol vessels to the Romanian Border Police under a landmark NIS 2.2 billion contract, marking a major export expansion into Eastern Europe; a strategic partnership with Rafael Advanced Defense Systems for integrating cutting-edge naval weaponry on new platforms. In 2024, the company secured a multi-year framework agreement with the Israeli Ministry of Defense for corvette construction and upgrades, alongside launching the DESCENDER series of multi-role unmanned surface vessels (USVs) for autonomous maritime operations. These initiatives reflect ongoing business growth, with reported revenue increases driven by heightened global demand for maritime security amid regional tensions.