Baltic Workboats Constructs Euroguard Warship Prototype for European Navies
Baltic Workboats in Estonia is building the Euroguard warship prototype for European navies, marking its first military vessel. The company has 25 years of experience and nearly 300 vessels produced, with annual revenue of €70 million. The project involves a consortium of 10 European countries and is funded by the European Defense Fund. The vessel will be adaptable for various military missions, with sea trials expected to start this fall. Baltic Workboats is also under investigation for alleged tax fraud.
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Baltic Workboats is constructing the Euroguard warship prototype, aimed at serving multiple European navies. The company, based in Estonia, has built nearly 300 vessels in 25 years and generates €70 million annually.
The prototype will be adaptable for various military missions, supported by a consortium of 10 European countries and funded by the European Defense Fund. Sea trials for the Euroguard are expected to start this fall. Additionally, Baltic Workboats is under investigation for alleged tax fraud involving four companies and eight employees, including company management.
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