31 Jan '17, 4pm

Timeline Shows How Israel Squeezed German Subsidy on Ship Deal

TEL AVIV — An official Israeli government timeline of milestones leading up to an estimated €500 million (US $539.51 million) naval contract with Germany shows how Israel used the specter of an international bid to squeeze 27.5 percent off the price of four corvette-class surface ships, now under construction at the ThyssenKrupp Marine Systems Shipyard (TKMS) in Kiel. The timeline, recorded by the Israeli National Security Council and published Sunday by the office of Prime Minister Benjamin Netanyahu, aimed to counter growing accusations of possible conflicts of interest between the Israeli premier and his personal attorney, who also happens to represent the authorized TKMS agent in Israel. While it remains to be seen whether the timeline will buttress Netanyahu’s public standing amid multiple police investigations into alleged conflicts of interest, it sheds light on Isr...

Full article: http://www.defensenews.com/articles/timeline-shows-how-is...

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