Israel, Germany sign submarine contract

AP News
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Posted: Mar 21, 2012 10:56 AM
Israel, Germany sign submarine contract

Israel's Ministry of Defense says it has signed the contract for a sixth Dolphin-type military submarine from Germany.

Ehud Barak's office said the minister signed the contract Wednesday in Berlin at a ceremony held at the Israeli ambassador's home.

Germany's Parliament approved the purchase in November and agreed to pay some (EURO)135 million ($180 million) of the costs _ about 1/3 of the submarine's price.

Israel already has three Dolphin submarines from Germany _ one half-funded and two entirely funded by Berlin _ and two more are currently under construction.

Barack said in a statement the submarine will "substantially increase the capabilities and the strength of ... Israel in the face of ever-increasing challenges."