Today: 12 April 2025
18 August 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

Ireland confident in challenging India

Next Story

Sweden thwarts planned acts of terrorism, PM reveals

Latest from -Top News

China to raise tariffs on US goods to 125%

Trump’s universal tariffs on China total 145%. When Trump announced Wednesday that China faced 125% tariffs, he did not include a 20% tariff on China tied to its role in fentanyl production

Thousands of immigrants off from Social Security

The policy aligns with other high-profile anti-immigration measures taken by Donald Trump’s White House since his second term began, including sending more than 200 suspected gang members to a notorious prison in

Modi may attend Russia’s V-Day celebrations

Defence Minister Rajnath Singh is likely to represent India at Russia’s Victory Day parade next month that will mark the 80th anniversary of the Soviet victory over Germany in the Second World
Go toTop

Don't Miss

Israel archaeologists discovers 2,000 year old Jewish synagogue

The University of Haifa (UH) has announced that Israeli archaeologists

UAE Prez, German Chancellor review cooperation

The two leaders reviewed cooperation and its prospects for the