No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, August 6, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Germany delivers Israel’s biggest-ever submarine

by TheAdviserMagazine
2 days ago
in Business
Reading Time: 3 mins read
A A
Germany delivers Israel’s biggest-ever submarine
Share on FacebookShare on TwitterShare on LInkedIn


Germany’s ThyssenKrupp Marine Systems (TKMS) has delivered to the Israel Navy the IMS Drakon submarine – the most expensive submarine ever received by Israel, German website ‘Marine Forum’ reports. The delivery had originally been scheduled for 2025 but was delayed.

IMS Drakon is the sixth submarine procured by Israel from TKMS for its 7th fleet and the biggest built in Germany since the Second World War. Its cost is estimated at €550 million ($634 million).

For submarines, Israel is completely dependent on Germany in general and TKMS in particular, and this dependence is expected to continue in the coming decade. Above water, however, a certain move towards independence has occurred. In December 2024, the Ministry of Defense signed, for the first time in more than two decades, an agreement with Israel Shipyards to purchase five advanced Reshef-type assault ships, worth about $840 million. These ships are intended to replace the Nirit ships, which are expected to be retired after 40 years of operations.

Three more on the way

In 2018, the Israel Navy decided to halt development of the advanced TKMS submarine, which was almost complete, and make strategic changes and improvements, including replacing components. The major alterations took time and costs rose. The design and planning phase of each submarine lasted three years, while construction lasted seven years. Among other things, unlike Israel’s first three submarines, the IMS Tanin, IMS Rahav, and IMS Drakon have an AIP system, which allows batteries to be charged underwater, thus allowing for a longer dive time.

According to international media reports, the IMS Drakon is over 70 meters long. The submarine’s size allows it to carry a larger crew as well as a wider range of equipment and weapons. Its weight exceeds 2,000 tons, making it the largest and most powerful submarine in the Middle East. According to a report by “Der Spiegel,” the IMS Tanin and IMS Rahav submarines can stay underwater for up to 18 days and reach a speed of 25 knots, which is about 46.3 kilometers per hour.

Looking ahead, three more Dakar-class submarines are expected to arrive in Israel starting in 2031, at a rate of one every 18 months, replacing the Dolphin, Leviathan and Tekuma submarines, which entered service in 1999 and 2000. Israel signed the contract with TKMS in 2022, at an estimated cost of €3 billion. The German government is expected to finance about 20% of the cost of the deal.





RELATED ARTICLES




Elbit teams with Thyssenkrup on submarine parts


Submarine procurement inquiry finds systemic failings


Israel Navy deploys unmanned submarines to protect gas rigs






The submarine industry is expected to be a major anchor in the German- Israeli defense relationship in the coming decades. In terms of Israeli sales, the Arrow 3 deal has placed Germany as Israel’s second biggest defense exports customer between 2021 and 2025, according to data from the Stockholm International Peace Research Institute (SIPRI). German procurements accounted for 21% of Israeli defense exports. India was in first place, with 29%, and in third place was the US with 7.8%.

Published by Globes, Israel business news – en.globes.co.il – on August 5, 2026.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2026.




Source link

Tags: biggesteverdeliversGermanyIsraelssubmarine
ShareTweetShare
Previous Post

15-year-old boy opens fire on Yonkers, New York street corner kills one wounds four teens

Next Post

AI infrastructure: Texas tests Bitcoin miners’ power plans

Related Posts

edit post
Trump signs order setting 15% tariff, price floors on polysilicon imports (FSLR:NASDAQ)

Trump signs order setting 15% tariff, price floors on polysilicon imports (FSLR:NASDAQ)

by TheAdviserMagazine
August 6, 2026
0

Aug 06, 2026, 6:56 PM ETFirst Solar, Inc. (FSLR) Stock, TE StockGLW, CSIQ, TAN, SPWR, ENPH, SEDG, RUN, BE, ARRY,...

edit post
Asia needs deeper energy markets if it’s going to achieve its AI ambitions

Asia needs deeper energy markets if it’s going to achieve its AI ambitions

by TheAdviserMagazine
August 6, 2026
0

Asia’s energy security depends on the Strait of Hormuz, a waterway it doesn’t control, and the fallout from the return...

edit post
US stocks: Dow, S&P slip as investors eye Mideast talks, earnings

US stocks: Dow, S&P slip as investors eye Mideast talks, earnings

by TheAdviserMagazine
August 6, 2026
0

The Dow and S&P 500 indexes closed lower on Thursday, pausing after a strong start to the week, as investors...

edit post
Playtika dips after warning of second-half weakness

Playtika dips after warning of second-half weakness

by TheAdviserMagazine
August 6, 2026
0

Games company Playtika Holding Corp. (Nasdaq: PLTK) returned to profit in the second quarter of 2026, after reporting a...

edit post
Every major Italian city is on heat alert as the drought hits Hungary’s nuclear power

Every major Italian city is on heat alert as the drought hits Hungary’s nuclear power

by TheAdviserMagazine
August 6, 2026
0

Italy placed all of its major cities under the highest heat alert Thursday as a blistering heat wave gripped Europe, setting a...

edit post
India tops world in IPO count, ranks third in fundraising in FY26: SEBI Annual Report

India tops world in IPO count, ranks third in fundraising in FY26: SEBI Annual Report

by TheAdviserMagazine
August 6, 2026
0

India retained its position as the world's leading market for initial public offerings (IPOs) by number of issues during FY2025-26,...

Next Post
edit post
AI infrastructure: Texas tests Bitcoin miners’ power plans

AI infrastructure: Texas tests Bitcoin miners’ power plans

edit post
partner incentive programs

partner incentive programs

  • Trending
  • Comments
  • Latest
edit post
Georgia Senior SNAP and Meal Resources Older Adults Can Use

Georgia Senior SNAP and Meal Resources Older Adults Can Use

July 24, 2026
edit post
New Jersey Tax-Relief Events: Three July Dates Near Seniors

New Jersey Tax-Relief Events: Three July Dates Near Seniors

July 13, 2026
edit post
Bristlecone pines growing in the White Mountains of California germinated before the Great Pyramid was built, and the oldest one alive today, nicknamed Methuselah, has been quietly adding rings for 4,855 years in soil so poor almost nothing else survives beside it

Bristlecone pines growing in the White Mountains of California germinated before the Great Pyramid was built, and the oldest one alive today, nicknamed Methuselah, has been quietly adding rings for 4,855 years in soil so poor almost nothing else survives beside it

July 8, 2026
edit post
Judge Who Helped Violent Illegal Alien Evade ICE Faces New Test

Judge Who Helped Violent Illegal Alien Evade ICE Faces New Test

July 31, 2026
edit post
2 judges suspended in separate cases after being indicted on criminal charges

2 judges suspended in separate cases after being indicted on criminal charges

July 9, 2026
edit post
Driving the Noncitizen Voting Scandal: Registration With License

Driving the Noncitizen Voting Scandal: Registration With License

July 26, 2026
edit post
Best Credit Card for Lounge Access in India: Domestic Vs International Coverage

Best Credit Card for Lounge Access in India: Domestic Vs International Coverage

0
edit post
TripleDot buys Israeli game publisher Supersonic

TripleDot buys Israeli game publisher Supersonic

0
edit post
SmartStop Self Storage REIT Crushes Q2 2026 Profit Estimates

SmartStop Self Storage REIT Crushes Q2 2026 Profit Estimates

0
edit post
How Lawyers Know What You Own Before They Sue |

How Lawyers Know What You Own Before They Sue |

0
edit post
Do college students need renters insurance?

Do college students need renters insurance?

0
edit post
The July jobs numbers are due out Friday. Here’s what to expect

The July jobs numbers are due out Friday. Here’s what to expect

0
edit post
One Day Left as Senate Faces Final Push for CLARITY Act Crypto Vote

One Day Left as Senate Faces Final Push for CLARITY Act Crypto Vote

August 6, 2026
edit post
Trump signs order setting 15% tariff, price floors on polysilicon imports (FSLR:NASDAQ)

Trump signs order setting 15% tariff, price floors on polysilicon imports (FSLR:NASDAQ)

August 6, 2026
edit post
The Myers-Briggs test is described everywhere as being based on Carl Jung, but its two authors had no training in psychology, one of its four dimensions was their own extension of his theory, and about half of people who retake it do not receive the same four-letter type

The Myers-Briggs test is described everywhere as being based on Carl Jung, but its two authors had no training in psychology, one of its four dimensions was their own extension of his theory, and about half of people who retake it do not receive the same four-letter type

August 6, 2026
edit post
What You Can Learn From the Nerds’ Home Improvement Projects

What You Can Learn From the Nerds’ Home Improvement Projects

August 6, 2026
edit post
7 Warning Signs an Older Adult May Be Under Financial Pressure

7 Warning Signs an Older Adult May Be Under Financial Pressure

August 6, 2026
edit post
Following Primary Loss, Crypto PACs Invest .5M in 3 US State Races

Following Primary Loss, Crypto PACs Invest $1.5M in 3 US State Races

August 6, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • One Day Left as Senate Faces Final Push for CLARITY Act Crypto Vote
  • Trump signs order setting 15% tariff, price floors on polysilicon imports (FSLR:NASDAQ)
  • The Myers-Briggs test is described everywhere as being based on Carl Jung, but its two authors had no training in psychology, one of its four dimensions was their own extension of his theory, and about half of people who retake it do not receive the same four-letter type
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.