August 18, 2023
1 min read

Israel, Germany in $3.5B arrow-3 missile deal

The long-range Arrow-3 anti-ballistic missile system, designed to intercept exo-atmospheric ballistic missiles, was jointly developed by Israel and the US…reports Asian Lite News

Israel has announced that it will sell its most advanced missile defence system Arrow-3 to Germany, marking the country’s largest-ever military deal.

The Israeli and German defence ministries “will sign the landmark $3.5-billion defence agreement” Xinhua news agency reported, citing a statement issued on Thursday by the Israeli Defence Ministry.

According to the ministry, senior officials from both sides will soon sign a Letter of Commitment, with a preliminary payment of $600 million, and the full contract will be signed by the end of 2023.

“This is a significant decision, which will contribute to the buildup of Israeli forces and economy,” Defence Minister Yoav Gallant said in a statement.

The long-range Arrow-3 anti-ballistic missile system, designed to intercept exo-atmospheric ballistic missiles, was jointly developed by Israel and the US.

“With its exceptional long-range interception capabilities, operating at high altitudes above the atmosphere, it stands as the top interceptor of its kind,” the Israeli ministry said, adding that “the system employs a hit-to-kill approach for intercepting incoming threats”.

The Arrow-3 missile system is part of the country’s multi-layer defence doctrine, which includes Iron Dome, a system aimed at intercepting short-range rockets, and David’s Sling, which can intercept medium-range missiles.

ALSO READ-Israel’s year on year inflation falls to 3.3% in July

Previous Story

22 years in jail for woman sending ricin letters to Trump

Next Story

Biden admin sanctions 4 Russians over Navalny poisoning

Latest from -Top News

Harvard sues Trump over foreign students ban

Harvard University has filed a federal lawsuit against the Trump administration after being barred from enrolling international students, marking its second legal challenge in a month against what it describes as politically

Pakistan may face stricter IMF terms

The International Monetary Fund (IMF) will undertake its next funding review for Pakistan in the second half of 2025, with 11 new conditions now attached to the continuation of its Extended Fund

Indian diaspora in Japan backs Operation Sindoor

Members of the Indian diaspora in Japan have strongly endorsed Operation Sindoor, India’s targeted military response to the April 22 terror attack in Pahalgam, Kashmir, praising Prime Minister Narendra Modi’s leadership and

WHO adopts Global Pandemic Agreement

The agreement seeks to boost international coordination and ensure equitable access to life-saving tools during future pandemics, while reaffirming respect for national sovereignty in public health decisions In a move aimed at
Go toTop

Don't Miss

Germany Rules Out Anomalies in Aid to Palestinians

The German announcement of the aid review had sparked a

Israel Pulls Negotiators as Hamas Snubs Truce Offer

Israel has said that it will not relent to many