Israel-Europe Arrow Missile Shield Deal to Hit Record 3 Billion Euros
Pending U.S. approval, air defense deal with 15 European countries would become Israel’s largest-ever arms export deal ever.
UNITED WITH ISRAEL 02.11.2022
CTech reports that the United States Department of Defense is currently discussing requests from both the Israeli and German defense ministries to approve the sale of Arrow-3 ballistic missile interceptors.
The deal, which was originally done with Germany and was estimated at around 2 billion euros, is expected to grow to a record 3 billion euros after 14 NATO member countries, plus Finland, signed a Letter of Intent earlier this month initiating the development of a joint defense system named the European Sky Shield Initiative.
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