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

August 18, 2023

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

Sweden thwarts planned acts of terrorism, PM reveals

Latest from -Top News

Sharjah sets sail for London

At World Travel Market (WTM) London 2025, Sharjah is set to highlight both its deep-rooted cultural identity and forward-looking tourism strategy, demonstrating

DP World to pump $5bn into India

DP World’s $5bn pledge strengthens India’s maritime future, powering green shipping, ship-repair capacity, talent growth and next-gen freight tech while deepening the

UAE mega-aid ship docks in Egypt

The shipment, one of the largest single consignments dispatched as part of the UAE’s air and sea bridge, includes essential food items…reports

Don't Miss