The United States on Thursday approved Israel's request to export the jointly developed Arrow 3 missile defense system to Germany, which will be the largest defense deal in Israeli history.
This was reported by The Times of Israel.
According to the Israeli Ministry of Defense, the U.S. State Department has notified the head of the department, Yoav Gallant, and other senior officials of the approval of the request for the sale of the system.
The Arrow 3 is currently Israel's most advanced long-range missile defense system designed to intercept ballistic missiles outside the Earth's atmosphere.
The Israeli defense ministry noted that representatives of Israel and Germany will sign a letter of commitment in the coming weeks, after which Berlin will transfer an initial payment of about $600 million to establish production and production before signing a full contract.
In total, the contract will be worth $3.5 billion. Israel expects it to be signed by the end of 2023 after the approval of the parliaments of both countries.
Germany expects the Arrow 3 system to be delivered in the last quarter of 2025.
Author - Olena Madiak, 17/08/2023