Gallant told German counterpart Pistorius that the deal had "great significance for Israel and Germany from security, economic, and not least, symbolic perspectives."
Israel for many years has bought weapons from Germany, and this is not the first sale of weapons there, but the price tag and sophistication of the defense system put it in a different league.
With Israel's sale of Arrow 3 to Germany and David's sling to Finland, the country's defense industry continues to boom.
The Arrow 3 Missile defense system is designed to intercept exo-atmospheric ballistic missiles.
There was no error in Israel’s air defense systems and so there will be no probe into why the missile was allowed to travel over 180 km from the Syrian border.
Israel’s Ambassador to Germany, Ron Prosor, sees Israel-German ties as the number two strategic relationship that Israel has after the US.
DIPLOMATIC AFFAIRS: The connection created by this sale is something that Israel wants to promote around the world, not only in Europe.
Though the deal is not yet final, this first payment is a major step forward.
The Post has learned that the next step in this process, German lawmakers release of advance payments of up to 560 million euros next week, is still only “most likely” and not yet a done deal.
The Arrow-3 missile system is the top layer of Israel's defense array, designed to intercept ballistic missiles outside of the earth's atmosphere.