Israel orders three new submarines from thyssenkrupp Marine Systems

thyssenkrupp Marine Systems has reached an agreement with the Israeli
Ministry of Defence on the framework conditions for the purchase of three
Dakar-class submarines. After extensive negotiations, all parties involved
agreed to the technical content and contractual provisions on Thursday.
Dr Rolf Wirtz, CEO thyssenkrupp Marine Systems: “We, as thyssenkrupp
Marine Systems and Germans, are honoured and proud to continue the
long cooperation – spanning decades – with the Israeli Ministry of Defence
and the Israeli Navy. The new class of submarine will provide Israel with the
most advanced capabilities, based on an innovative, cutting-edge
technology.

This agreement demonstrates the deep commitment of thyssenkrupp
Marine Systems to guarantee Israel’s long-term security. It was signed after
a thorough and extensive groundwork process and I would like to thank our
partners in the Ministry of Defence and the Israeli Navy for their
commitment and professionalism.”

The Dakar class will be of a completely new design, which is to be
specifically engineered to fulfil the operational requirements of the Israeli
Navy. The three submarines will replace the first batch of Dolphin-class
submarines.

Dr Rolf Wirtz: “In the last joint project with the Israeli Navy, the SA’AR-6
the project, we delivered four corvettes on time and within budget. In this
respect, we are very much looking forward to working with our longstanding
partner again.”

Before the contract comes into effect, thyssenkrupp Marine Systems will
have to hold intensive talks with its suppliers. In preparation for the expected order, thyssenkrupp had already agreed to investments of about 250 million euros for thyssenkrupp Marine Systems in 2019. Kiel is thus securing its location as an international centre of competence for conventional submarine construction. Construction of a new
Supervisory Board (Chairman): Oliver Burkhard Executive Board: Dr Rolf Wirtz (Chairman), Paul Glaser, Bernd Hartmann, Dr Luis Alejandro Orellano
Registered Office: Kiel, Commercial Register: Court of Kiel HRB 6960 KI
shipbuilding hall and a fuel-cell production facility is already visible on the
shipyard site.

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