Israel Concludes Largest Arms Export Deal in its History

The anti-ballistic missile defence system will be sold to Germany

17/08/2023 - 19:21
Source: Times of Israel
Source: Times of Israel

The Israeli government has announced the sale of its "Arrow-3" missile defense systems to Germany for a sum of $3.5 billion, marking the largest-ever export of defense products from Israel, as reported by citing the Jerusalem Post.

This sale became possible after officials from the U.S. Department of State notified the senior leadership of the Israeli Ministry of Defense. This step was necessary due to the joint development of the system by the U.S. Missile Defense Agency and Israel's Missile Defense Organization, led by local contractor Israel Aerospace Industries.

The Arrow-3 anti-ballistic missile system is designed to intercept ballistic missiles during their flight outside the Earth's atmosphere. Its serial production commenced after successful tests in December 2015.

According to the ministry's statement, Germany's initial commitment of $600 million will kickstart the project, with further details of subsequent stages to be coordinated after the contract is signed. The full contract is expected to be ready for signing by the end of 2023, pending approval from lawmakers in both parliaments.



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