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. Continue reading
The Dolphin-type military submarine is one of six Israel has ordered from Germany, which subsidizes the submarines. Each submarine costs half a billion dollars. The sub was presented to Israeli officials in Hamburg, Germany, on Thursday and is expected to arrive in Israel in 2013, following final tests.
Israel is already in possession of three other German-made Dolphin-class submarines capable of carrying nuclear-tipped missiles. However, there is no evidence that Israel has armed them with such weapons and the country has never confirmed reports that it possesses a nuclear arsenal.
Full article: Israel gets 4th nuke-capable German submarine (Associated Press)