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Thursday, April 07, 2011

PM to revive bid for discounted German submarine

Dolphin classPrime Minister Binyamin Netanyahu, who travels to Germany on Wednesday, will lobby Berlin to sell Israel a sixth naval submarine at deep discount, an official said.

Talks on the Dolphin submarine deal stalled last year after the Germans declined to underwrite it, as they had done with previous purchases. Israel sought up to a third off the $500 million to $700 million price for the new Dolphin.

"We're still hoping for a discount, and the prime minister will raise this matter" in a meeting with German Chancellor Angela Merkel scheduled for Thursday, the Israeli official said without elaborating.

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