Defense News
Israel inks $3.4 billion submarine deal with Germany
By The Associated Press
Jan 20, 07:33 AM
JERUSALEM � Israel signed a �3 billion (U.S. $3.4 billion) deal Thursday to buy three cutting-edge submarines from Germany, the Israeli Defense Ministry announced.
The Dakar-class diesel-electric submarines will be produced by German manufacturer ThyssenKrupp and are expected to be delivered within nine years, the ministry said.
Israeli Defense Minister Benny Gantz said the procurement �will upgrade the capabilities of the Israeli Navy, and will contribute to Israel�s security superiority in the region.� Part of the cost of the ships will be covered by the German government, the ministry said.
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