Israel’s Defense Ministry and Thyssenkrupp shipyard have agreed to collaborate on the development and manufacturing of three Operational submarines for the Israeli navy.
Defense Minister, Benny Gantz (Blue and White) praised the deal, saying: “The procurement of three advanced submarines joins a series of measures that we have taken in the past year in the process to equip and strengthen and IDF.
“I would like to thank the German government for its assistance in advancing the agreement and for its commitment to Israel’s security. I am confident that the new submarines will upgrade the capabilities of the Israeli Navy, and will contribute to Israel’s security superiority in the region.”
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
According to the agreement, Israel will purchase three submarines from a new series called ‘Dakar’. The first submarine will be delivered within 9 years. The agreement also includes the construction of a training simulator in Israel and the supply of spare parts.
The German government will fund part of the agreement through a unique grant, in accordance with an agreement signed between the countries in 2017.
The parties also signed an industrial strategic cooperation agreement that amounts to over €850 million.
This detailed agreement, with investment components that were agreed upon in advance, will result in the opening of new markets, professional training, technological development, employment opportunities, and a positive influx for both the Israeli economy and the defense establishment.
