Israel inks $3.4 B submarine deal with Germany’s Thyssenkrupp

On Thursday, the Israeli Defence Ministry mentioned that the country has taken a confident move and has agreed to develop and produce three advanced submarines with German’s Thyssenkrupp Marine Systems in a deal worth 3 million Euros ($3.4 billion).

On Thursday, the Israeli Defence Ministry mentioned that the country has taken a confident move and has agreed to develop and produce three advanced submarines with German’s Thyssenkrupp Marine Systems in a deal worth 3 million Euros ($3.4 billion).

Defence minister Benny Gantz mentioned, “I express my gratitude to the German government for signing this important pact and for its commitments to Israeli’s security. I am convinced that this latest agreement will contribute to Israel’s security superiority in the region, and new submarines would also upgrade the capabilities of the Israeli defence force.”

Advertisement

The ministry further said that the parties also filed an agreement for industrial strategic cooperation that would be worth 850 million Euros. The agreement will also include the construction of a training simulator in Israel and the supply of spare parts.

According to the government source, the first submarine would be delivered for nine years under this agreement. For now, Israel Navy has five Dolphin-class submarines built in Germany, and the sixth one is under construction in Germany. These new submarines by Germany will replace the three Dolphin submarines, which have been aged.

Thyssenkrupp, while sharing information about the submarines, Dakar, said, “The Dakar class would be specially designed to fulfil the requirement and demands of the Israeli Navy. It will also be of a new design”.

The Israeli defence ministry made this announcement just a few days before the Israeli cabinet is due to discuss the formation of a panel that would evaluate the decision-making process behind purchases of submarines and missile boats.

Last year, the Israeli prosecutor charged several Israelis in connection with money laundering, tax invasion, and bribery in the deals cracked between 2009 and 2016. However, the German multinational conglomerate has not taken action following an internal investigation, which did not find any evidence.

Tariq Saeed

Read More

Research says deepest earthquake is not really possible

Scientists have discovered the most profound earthquake ever detected, 467 miles beneath the Earth's surface. At that deep, the quake occurred in the lower...

Dubai’s Smart Planning Shields It from Overtourism Challenges, says industry experts

Industry experts at the Future Hospitality Summit in Madinat Jumeirah emphasized that the city’s deliberate approach has enabled it to accommodate millions of visitors without overwhelming its infrastructure or crowding key locations

Sectors of Dubai Police joins Dubai Fitness Challenge 30 X 30

Employees of the Dubai Police Administrative Affairs and Community Happiness and Logistic Support sectors participated in a 'Walk' at the Dubai Police Officer's Club as part of the force's participation in the Dubai Fitness Challenge 30 X 30 as per the information shared by the official Facebook page of Dubai Police.

Recent

Iraqi Prez Abdul Latif Jamal Rashid greets FDSC Chairman Mohd Tamini on Eid al-Adha

Iraq: The President of the Republic of Iraq, Dr Abdul Latif Jamal Rashid, has recently received and welcomed the Chairman of the Federal Public...

Saint Lucia: Deputy PM Ernest Hilaire reviews progress of upcoming Jazz and Arts Festival

Saint Lucia: The Deputy Prime Minister and Minister of Tourism and Creative Economy of Saint Lucia, Ernest Hilaire, hosted several agencies who are part of the Mass Crows Events Approval process and carried out a review process on February 03, 2023, regarding the Jazz and Arts Festival.

Young Dubai-Based Mountaineer Ayaan Saboor Mendon: Defying Limits, Inspiring Millions

A student of North London Collegiate School, Dubai, Ayaan's ascent was not without its challenges. The young mountaineer, accompanied by his parents Saboor and Vani, faced many obstacles like harsh weather conditions
admin