Israel, Germany finalize Arrow 3 missile defense deal sale

Israeli Defense Ministry director-general Major-General Eyal Zamir on Thursday signed the agreement for Germany's acquisition of the Arrow 3 missile defense system, valued at approximately $3.6 billion, Report informs via The Jerusalem Post.

This was the final milestone in a process dating back years with a variety of delays and ups and downs from Israel, Germany, and the US - who had to approve the deal as a co-partner with Jerusalem in producing the system.

In September, the deal did seem to be close to final when Defense Minister Yoav Gallant flew to Germany to sign a variety of critical documents which moved the process forward.