![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Monday, December 15, 2014 3:25:53 PM
I24 NEWS
Berlin will contribute an estimated 115 million euros for four new corvette warships for the Israeli navy report the German newspaper Bild am Sonntag. According to leaked official memos, the deal, which was struck in November with the Jewish state, will cost a total of 1 billion euros.
The deal can be finalized by the end of this year and only needs final approval by the German parliament’s budget committee, government spokesman Steffen Seibert stated.
The ships, constructed by the German firm Thyssen Krupp are being built in the northern port city of Kiel according to Bild am Sonntag.
According to the leaked memos, the German Defense Ministry is required to earmark a certain amount for “defense systems for Israel,” with the goal of “securing the economic region in the Mediterranean Sea.”
In 2013 Israel purchased six Dolphin submarines from Germany using a steep discount, with the first three submarines being delivered as a gift.
Earlier this year Israel’s Defense Minister Moshe Ya’alon and Israel Defense Forces Chief of Staff Lt. Gen. Benny Gantz approved plans to purchase four large missile boats and recruit the sailors to operate them, in order to ensure the Israeli navy is able to patrol and protect the new gas fields
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM
Snakes & Lattes Opens Pop-Up Location at The Wellington Market in Toronto: A New Destination for Fun and Games - Thanks 'The Well', PepsiCo, Indie Pale House & All Sponsors & Partners for Their Commitment & Assistance Throughout The Process • FUNN • Jun 13, 2024 8:18 AM
HealthLynked Introduces Innovative Online Medical Record Request Form Using DocuSign • HLYK • Jun 12, 2024 8:00 AM
Ubiquitech Software Corp (OTC:UBQU) Posts $624,585 Quarterly Revenue - Largest Quarter Since 2018 • UBQU • Jun 11, 2024 10:13 AM