Israel has agreed with Thyssenkrupp Marine Systems to develop and manufacture three advanced submarines for the Israeli navy in a deal worth 3 billion euros ($3.4 billion), Israel’s defense ministry said Thursday.
The parties also signed an industrial strategic cooperation agreement worth more than €850 million, the ministry said.
“I would like to thank the German government for its help in advancing the agreement and for its commitment to Israel’s security,” Defense Minister Benny Gantz said. “I am confident that the new submarines will enhance the capabilities of the Israeli Navy and contribute to Israel’s security 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.
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