Germany approves $4.3 billion purchase of Israeli missile defense systems.
Germany's budget committee has approved the purchase of the Israel-made Arrow-3 air defense system for €560 million and the German-made IRIS-T-SLM air defense system for around €950 million. The Arrow-3 system, which intercepts ballistic missiles, is expected to cost Germany €4 billion in total. The system has been in use in Israel since 2017 as part of its Iron Dome protection network. The purchase is part of Germany's effort to modernize its military under a €100 billion fund approved by Chancellor Olaf Scholz and the German parliament last year.