(Ha'aretz) Barak Ravid - Germany has agreed to slash 300 million euros (about $382 million) from the purchase price for three fast missile boats to protect Israel's gas rigs in the Mediterranean Sea. Israel had asked for a 30% reduction on the price, as it had received in previous deals on German-made submarines. Israeli officials said the Germans understood that the missile boats were a vital security necessity for Israel in the face of a real threat from Hizbullah. Moreover, the deal was worth hundreds of millions of euros for the German economy and its shipyards.
2014-10-20 00:00:00Full ArticleBACK Visit the Daily Alert Archive