Four new corvette warships are on their way to the Israeli Navy, courtesy of the German government.
According to a report by Reuters news agency and Israel Hayom, Germany announced it would be funding the ships, made by German company ThyssenKrupp, to the tune of €115 million ($143 million), pending approval by German parliament’s budgetary committee.
The deal, which was formulated in November and could be approved by the end of this month, is part of the country’s restitution for the Holocaust.
Germany has committed itself to Israel’s safety and security, and thus has often helped fund Israeli military equipment, such as submarines.
German paper Bild am Sonntag reported the €115 million figure, but government spokesperson Steffen Seibert refused to comment on the size of the German contribution.
The total cost of the four ships is said to be roughly €1 billion ($1.2 billion).