Germany allocates €3 billion to buy Israeli Arrow-3 missile defense system, but needs Pentagon approval

Here's What We Know

Germany will buy the system from Israeli company Israeli Aerospace Industry for €3 billion, although the original contract value was €2 billion. If the deal goes through, it will be the largest for Israel's defense industry.

U.S. approval is required because the Pentagon has partially financed the development of a missile defense system. The Defense Department has already vetoed the delivery of the Arrow-3 to South Korea. But Germany and Israel believe the Pentagon will approve the deal amid the war in Ukraine.

The Arrow-3 purchase is being carried out as part of the joint Europe Sky Shield missile and air defense complex. NATO countries and Finland agreed earlier this month to launch the project.

The Arrow-3 is used to eliminate enemy long-range ballistic missiles outside the atmosphere. The warhead of the anti-missile is equipped with a fuze, shrapnel and explosives. It has a maximum intercept range of 100 km in altitude and up to 2,000 km in range.

Source: Calcalist