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December 16, 2014 2:06 pm

Germany to Fund Warships for Israel

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A corvette warship. Photo: Wikimedia Commons. – Germany’s government said Monday that it plans to fund the Israeli navy’s purchase of four corvette warships from the German firm Thyssen Krupp.

The funding agreement was reached between the two countries in November, and the German government has pledged as much as $143 million for the warships, according to a report by the German newspaper Bild.

The deal must be approved by the German parliament’s budget committee, which will lead to the finalization of a contract by the end of the year, said German government spokesman Steffen Seibert, Reuters reported.

The warships deal is the latest German government contribution to the Israeli purchase of military equipment, such as submarines, as part of Germany’s commitment to the Jewish state’s security in the wake of the Holocaust.

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