Israel and Germany confirmed on 23 October that they have finalised a memorandum of understanding (MOU) covering the former's purchase of three more Dolphin-class submarines from ThyssenKrupp Marine Systems (TKMS).
A statement released by Israeli Prime Minister Benjamin Netanyahu's office said the MOU has “strategic importance for Israeli security” and reflected the “commitment of Germany and Chancellor Angela Merkel to Israel's security”.
German government spokesman Steffen Seibert said Berlin will contribute up to EUR540 million (USD635 million) to the Israeli submarine acquisition, around a third of the cost.
Germany delayed signing the MOU in July due to an Israeli police investigation into the deal.
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