LONDON — Germany plans to subsidize an Israeli procurement of naval corvettes.
The German government said it would contribute to the purchase of four corvettes for the Israel Navy. The government said the subsidy for Israel was approved by the parliament in Berlin.
“The contract could be completed by the end of the year,” German government spokesman Steffen Seibert said.
Germany has become the leading supplier to the Israel Navy. In 2013, Germany helped finance the Israeli purchase of three additional Dolphin diesel-electric submarines, also produced by ThyssenKrupp.
Full article: Germany emerges as leading supplier to Israel’s navy (World Tribune)