(Calcalist) Udi Etsion - The U.S. Department of Defense is currently discussing requests from both Israel and Germany to approve the sale of Arrow-3 ballistic missile interceptors. The deal is expected to grow to 3 billion euros after 14 NATO member countries, plus Finland, signed a Letter of Intent in October initiating the development of a joint defense system named the European Sky Shield Initiative. U.S. approval is required since the Americans covered most of the cost for developing and manufacturing the Arrow missiles. The U.S. denied previous requests to sell the Arrow system to South Korea, but the Americans may approve the deal following the rising tensions in Europe after Russia's invasion of Ukraine.
2022-10-31 00:00:00Full ArticleBACK Visit the Daily Alert Archive