IAI seeks foreign investors to develop new missile warship

Israel Aerospace Industries is developing a new missile warship that will give its navy greater firepower, but it's looking for foreign investors and says several countries are interested.

In the meantime, IAI, the flagship of Israeli's bustling defense industry, is moving ahead with a Defense Ministry order for three advanced Super Dvora Mark III patrol craft to boost protection for the Jewish state's natural gas fields in the eastern Mediterranean.

The Globes business daily reported the new design is still on the drawing board at IAI's Ramta plant in the Negev Desert city of Beersheva, but it will be the largest warship developed by the state-owned company amid an unprecedented upgrade for the navy.

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