Germany approves $4.3 billion purchase of Israeli missile defense system.

Germany's Bundestag budget committee has approved spending €560 million to start procuring Israel's Arrow-3 air defense system, marking a significant upgrade in the strategic relationship between the two countries. The overall deal is estimated to be around €4 billion ($4.3 billion) in total cost, with today’s budget decision being characterized as an advance payment. The Arrow-3 is the top tier of Israel’s multi-layered air defense system, designed to intercept ballistic missiles and other long-range threats.