Israel-Greece $3 Billion Air Defense Deal Nears Final Approval in Greek Parliament
Translated & summarized from Calcalist by baba
Israel and Greece are close to finalizing a $3 billion deal for Israeli air defense systems, including Iron Dome and Barak MX, to establish a multi-layered defense network in Greece.
The story in 5 lines · by baba
- Greek parliament to approve $3 billion Israeli air defense deal this week.
- Deal includes Rafael's Iron Dome, Spyder, and IAI's Barak MX missile systems.
- IAI's Elta division will supply radars for the multi-layered defense system.
- Tomer will benefit by producing engines for Spyder and Barak MX missiles.
- In April, Greece signed a $750 million contract with Elbit for precision rockets and launchers.
Israeli defense industries are on alert as the Greek parliament prepares to finalize a major $3 billion deal for air defense systems supplied by Israel Aerospace Industries (IAI) and Rafael Advanced Defense Systems. The program, named "Achilles Shield," will establish a multi-layered air defense network in Greece based on Israeli technology. The deal includes the acquisition of Rafael's Iron Dome and Spyder systems, as well as IAI's Barak MX missile system. IAI's Elta division is expected to provide the radar components for the project. Approval of the deal in Greece is also expected to benefit Tomer, the company responsible for producing the engines for the Spyder and Barak MX missiles. Earlier in April, the Greek Ministry of Defense signed a separate $750 million contract with Elbit Systems for precision rockets and PULS launchers, further strengthening the defense ties between the two countries.
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