Germany’s $3.5 Billion Israeli Air-Defense Deal Gets US Backing
- Arrow sale is Israel’s largest ever defense export agreement
- Missile-killing system was jointly developed by IAI and Boeing
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Israel said it will proceed with the biggest military export agreement in the country’s history after the US backed Germany’s $3.5 billion purchase of the Arrow 3 air-defense system.
Following approval from Washington, senior officials from the German and Israeli governments will take part in a ceremony to sign a letter of commitment, Israel’s defense ministry said Thursday. An initial allocation of $600 million will enable work on the project to begin immediately and the full contract will be ready to sign by the end of this year, it added.