Turkey’s ambitious program for the acquisition of up to 10 indigenous fast attack craft (fast assault boats) may cost Ankara up to $800 million, officials and industry experts say.

The contract covers a batch of four boats with an option to buy six more. A defense procurement official said the program, although it will come with a heavy price tag, is essential for naval deterrence and potential future naval ambitions Turkey may have. “These new generation boats will feature advanced technology and be part of a broader naval architecture,” he said.

Two shipyard executives estimated the cost of each boat at $70 million and $80 million, respectively. […]