US Approves Record-Breaking $3.5 Billion Arrow-3 Missile Defense Deal Between Israel and Germany

The US has approved Israel's request to sell the Arrow-3 missile system to Germany, paving the way for a $3.5 billion defense agreement. The Arrow-3 system, jointly developed by Israel and the US since 1986, is designed to intercept exo-atmospheric ballistic missiles. Senior officials from both countries will sign a letter of commitment worth $600 million, with a full contract to be signed once approved by their respective parliaments. Israel's Defense Minister called the approval a reflection of strong US-Israeli defense ties and said it would contribute to Israel's force buildup and economy.