Germany to Buy Israel’s Arrow-3 System
Germany is planning to buy Israel’s Arrow-3 missile defence system which will cost it $4.30 billion. The Scholz government will ask lawmakers to release advance payments of up to 560 million euros next week, reports say. Berlin aims to strike a government-to-government deal with Israel on the purchase of the Arrow-3 system at the end of the year. Germany will lose part or all of its advance payments should the deal fail, as per govt documents procured by Reuters. The advance payments would be used to compensate Israel for costs incurred by then. The German air force is supposed to take delivery of Arrow-3, that will cost about one billion euros more than originally planned. Last month, Israel’s Defence Ministry said it was in advance talks with Berlin to sell the Arrow-3 systems. Watch this video to know more.
Credit CRUX