The Israeli occupation and Germany are likely in the upcoming months to sign an agreement regarding the sale of the occupation's Arrow-3 anti-missile system to Berlin, the head of the project's main contractor said Monday.

Reportedly, Isreal Aerospace Industries (IAI) CEO Boaz Levy said the occupation was "moving ahead nicely toward a contract for Arrrow-3."

"And if I can provide a small prediction, I think this contract will be signed within a few months," Levy said during a press conference in "Tel Aviv".

The United States and the Israeli occupation approved in April the sale of the Arrow-3 system to Germany.

German air force official Ingo Gerhartz told the Jerusalem Post newspaper that the purchase of the air defense system "starts with the approval of Israel and the United States, and they gave us the approval."

"They gave us the approval that we can cooperate on it. But, we still have to talk about the details," the official was cited as saying.

The Arrow-3 is designed to intercept ballistic missiles outside the Earth's atmosphere, the crème de la crème of the Israeli occupation's anti-air systems, which include the Iron Dome and David's Sling, with each one being designated for a certain type of aerial object.

There have been reports about the provision of Arrow-3 to Germany for months, with it being reported in November 2022 that the United States was delaying granting its approval for the Israeli occupation to sell the Arrow-3 anti-missile system to Germany.

The Israeli occupation had asked the United States to approve the sale of the Arrow-3 air defense system to Germany, which would be the largest military sales deal in the entity's history worth 3 billion euros.

The Arrow 3 system, one of the most advanced air defense systems the occupation has, is capable of intercepting ballistic missiles at altitudes of more than 100 kilometers, with a range of up to 2400 kilometers.

The air security system is an "Israel" Aerospace Industries (IAI) and Boeing joint US-Israeli security project funded by the US annual foreign aid to "Israel" and has been in service with the Israeli Air Force since 2017.

The Arrow 3 system includes components developed by the United States, which previously refused requests from other countries to purchase the system.

German Chancellor Olaf Scholz officially expressed in March 2022 an interest in purchasing the system during his meeting with former Israeli Prime Minister Naftali Bennett.

Bloomberg reported that Germany has chosen the Israeli security system over its rival, the US-manufactured Terminal High Altitude Area Defense (THAAD) by Lockheed Martin Corp, and Berlin aims to integrate the Israeli system "within the framework of NATO," despite the Arrow-3 system being relatively new, with no proven efficiency beyond control tests.