Germany approves multi-billion dollar missile defense deal with Israel

The German parliament has approved a first payment of €560 million to Israel for the acquisition of the Arrow 3 anti-missile system, a major step forward in the deal. Germany plans to buy Israel's Arrow-3 long-range missile-defense system for an eventual cumulative payment of around $4.30 billion. However, there is still potential for delays in later steps of the process, as the US has not yet given its final signature and questions were raised by the German parliament in March.