Alexandria Shipyard (ASY) launched the first Egyptian-built Gowind 2500 corvette from its facilities on Friday, IHS Jane’s 360 reports. The small coastal patrol warship Port Said is equipped with French military technology, which ASY acquired from France’s Naval Group (formerly DCNS). Egypt had ordered four corvettes in 2015 from Naval Group as part of a USD 1 bn contract, which also included a tech transfer agreement and provisions on material procurement for three corvettes that ASY would manufacture in Egypt. The first vessel, which was manufactured in France, launched in March 2017.