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Sunday, December 08, 2013

Israel's Defense Ministry seeking $853m to buy missile boats from Germany

Sa’ar-5 missile boatGerman-made vessels needed to help protect Israel's offshore gas interests, defense officials say; Israel also holding talks with gunboat manufacturers in South Korea and the United States.

The Defense Ministry is expected to ask the Finance Ministry for a budget increase of some 3 billion shekels ($853 million) to purchase four missile boats for protection of Israel’s offshore natural gas fields. The planned acquisition was first reported in Haaretz over the weekend.

The extra money may be defined as a special expenditure rather than a part of the regular defense budget, to avoid swelling the military procurement budget for future years. But as far as is known, neither the full cabinet nor the political-security cabinet has discussed how to finance the protection of the offshore fields.

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