The Greek parliament has approved a major deal to purchase air defense systems from Israeli companies, worth 3.5 billion euros, according to Israeli financial daily TheMarker. The approval follows earlier reports this evening of a $4 billion defense deal between Israel and Greece.
The Greek parliament approved a €3.5 billion procurement of air defense systems from Israeli companies on Thursday evening, according to the Israeli financial daily TheMarker. The approval follows a series of reports and confirmations over the past two days.
The Zioneer reported earlier Thursday at 20:16 that a $4 billion defense deal between Israel and Greece was moving forward. On Wednesday, initial reports indicated an expected €3 billion deal for the 'Achilles Shield' network, integrating Israeli systems including David's Sling, Barak, and SPYDER. Later Wednesday, Greek Defense Minister Nikos Dendias confirmed a €3.5 billion deal including David's Sling and Barak. The National Security Council formally approved a $4 billion deal, with 25% of components to be produced locally. Greece later confirmed the deal at €3.5 billion, naming the system 'Achilles Shield' and identifying Rafael and IAI as suppliers.
The deal is part of deepening defense cooperation between Israel and Greece, as The Zioneer reported on Thursday. It follows other major Israeli defense exports to Europe, including the SPYDER system sale to Romania.
The specific breakdown of systems and the exact role of each Israeli company remain to be detailed, though the thread indicates Rafael's David's Sling and IAI's Barak are included.
10 developments
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- StrongIsrael Ports Company, Greek Embassy agree to tighten maritime cooperation
Source and signal
- Internal intake