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BREAKING NEWS

Israel finalizes purchase of 6th German submarine

By REUTERS

MAY 5, 2011 11:13

JERUSALEM - Israel has finalized the purchase of a sixth submarine from Germany, with payment to be spread over several years, an Israeli official said on Thursday.

The proposed expansion of the diesel-powered Dolphin submarine fleet, considered Israel's vanguard against foes like Iran, had been held up by wrangling with Berlin over the $500 million to $700 million price tag.

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