Germany to Spend Up to $5 Billion on Air-Defense Systems
- Budget committee to approve purchase of six Diehl-made IRIS-Ts
- Government moving ahead with buying Israeli Arrow interceptor
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Germany plans to buy six IRIS-T SLM air-defense systems for a total estimated cost of about €950 million ($1 billion) and is also moving ahead with the purchase of the Israeli-made Arrow air-defense system for as much as €4 billion.
The procurements, which will be financed from a special €100 billion fund the government established to help modernize the military, are due to be approved by the lower house of parliament’s budget committee at a meeting Wednesday in Berlin, according to government documents seen by Bloomberg.