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The Israeli Ministry of Defense has approved a major new procurement deal to acquire five new corvettes for the Israeli navy and “hundreds” of new Joint Light Tactical Vehicles for the ground forces.
Israel has not specified how much each deal is worth, but in a statement described the two packages as a “multi-billion Shekel” expenditure. The Hamas attack on October 7, 2023 has led to the fast-tracking of a number of procurement deals, but this most recent announcement is the first to come from the Nagel Committee, a commission stood up in August. Chaired by Prof. Jacob Nagel, the commission was established by Prime Minister Benjamin Netanyahu with the goal of “formulating recommendations on the force building needs and the security budget in the coming decade.”
Israel has not specified how much each deal is worth, but in a statement described the two packages as a “multi-billion Shekel” expenditure. The Hamas attack on October 7, 2023 has led to the fast-tracking of a number of procurement deals, but this most recent announcement is the first to come from the Nagel Committee, a commission stood up in August. Chaired by Prof. Jacob Nagel, the commission was established by Prime Minister Benjamin Netanyahu with the goal of “formulating recommendations on the force building needs and the security budget in the coming decade.”