Germany to spend $4.3 billion to buy Arrow-3 missile defense system to intercept ballistic missiles outside the atmosphere

Germany is one step closer to acquiring the Israeli Arrow-3 missile defense system. German

the government expressed its readiness to buy the complex back in March 2022.

What is known

Arrow 3 is the "top layer" of the systemIsraeli missile defense. The complex is used to intercept short, medium and long range missiles at a safe altitude (up to 100 km). In addition, the system is capable of shooting down ballistic targets outside the atmosphere.

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Germany plans to make a deal withby the Israeli government at the end of this year. This is reported by the Reuters news agency, citing a document from the Ministry of Finance prepared for parliament.

Previously there was information that Germany would pay forArrow-3 approximately €3 billion ($3.23 billion). According to new information, the transaction amount will be €4 billion ($4.3 billion). In addition, the contract involves an upfront payment of almost €560 million ($600 million).

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Deliveries of the Arrow-3 missile defense systemplanned for the fourth quarter of 2025. In case of failure of the transaction, the advance payment is non-refundable. It will be a compensation for the costs that Israel will incur.

Source: Reuters