Shipbuilding

Israel Shipyards reported a 21.6% increase in quarterly revenue to 428.5 million shekels. Net profit jumped 22-fold to 15.6 million shekels, driven by strong performance in the shipyard and port sectors.

The US administration's plan to build the largest warships since World War II carries a $275 billion price tag. A new Congressional Budget Office (CBO) report released Thursday suggests that US shipyards may lack the capacity to execute the project.