Israel Signs $3.4 Billion Submarines Deal, Delivery In 9 Years

“I would like to thank the German government for its assistance in advancing the agreement and for its commitment to Israel’s security,” said the Israeli Defense Minister.

Israel Signs $3.4 Billion Submarines Deal, Delivery In 9 Years

The first submarine will be delivered within nine years, according to the agreement. (Representational)

Jerusalem:

Israel has agreed with Thyssenkrupp Marine Systems to develop and produce three advanced submarines for the Israeli Navy in a deal worth 3 billion euros ($3.4 billion), Israel’s Defense Ministry said on Thursday.

The parties also signed an industrial strategic cooperation agreement that amounts to more than 850 million euros, the ministry said.

“I would like to thank the German government for its assistance in advancing the agreement and for its commitment to Israel’s security,” said Defense Minister Benny Gantz. “I am confident that the new submarines will upgrade the capabilities of the Israeli Navy, and will contribute to Israel’s security superiority in the region.”

The first submarine will be delivered within nine years, according to the agreement, which also includes the construction of a training simulator in Israel and the supply of spare parts.

(Except for the headline, this story has not been edited by our staff and is published from a syndicated feed.)

Leave a Comment

All the data shown above will be stored by www.rajpostexam.com on https://www.rajpostexam.com/. At any point of time, you can contact us and select the data you wish to anonymise or delete so it cannot be linked to your email address any longer. When your data is anonymised or deleted, you will receive an email confirmation. We also use cookies and/or similar technologies to analyse customer behaviour, administer the website, track users' movements, and to collect information about users. This is done in order to personalise and enhance your experience with us. Click here to read our Cookie Policy.