- BIST10011,689-0.92%
- USD49.58+0.05%
- EUR55.62+0.09%
- GOLD4,138.10-0.11%
- INTEREST37.00%-1.00
- BITCOIN83,256+0.38%
- October 21, 202620°
- BIST10011,689-0.92%
- USD49.58+0.05%
- EUR55.62+0.09%
- GOLD4,138.10-0.11%
- INTEREST37.00%-1.00
- BITCOIN83,256+0.38%
- October 21, 202620°
Greece plans deal for Israeli-made air defense systems
Greece is expected to sign an air defense agreement worth approximately $3.6 billion with Israel’s Defense Ministry in Tel Aviv on Monday. The plan calls for integrating the David’s Sling, Spyder and Barak MX systems into the country’s multilayered Achilles Shield network.
Greece is planning to purchase three Israeli-made air defense systems under an agreement expected to be signed in Tel Aviv. A Greek delegation is expected to sign a contract worth approximately $3.6 billion with Israel’s Defense Ministry on Monday.
Israeli systems to be integrated into Greece’s network
The David’s Sling, Spyder and Barak MX systems are to be integrated into the multilayered Achilles Shield air defense network planned by Athens. The network is also expected to operate alongside the Patriot systems currently used by Greece.
Under the plan, David’s Sling is expected to counter ballistic missiles and other heavy missile threats. The mobile Spyder systems are expected to intercept drones and other aerial threats, while the Barak MX is planned for use against aircraft and missiles.
Command network to operate with artificial intelligence
The project also includes establishing a command-and-control network to link the systems across the country. Data from radars and sensors is expected to be processed by artificial intelligence, which will classify threats and determine the appropriate interception system.
While Spyder batteries are planned for deployment on Greek islands, Greek defense companies are expected to secure work worth approximately €700 million, or $820 million, from the project.
Athens seeks local participation and technology transfer
The project, valued at approximately €3.1 billion, or $3.6 billion, is planned to be implemented in three phases over about 35 months. Athens is seeking greater local participation and technology transfer in the negotiations.
The project is expected to include at least 25 percent participation from 12 Greek companies. The negotiations also include Greece’s request for access to the systems’ source code, which could give the country greater autonomy in future maintenance and upgrades.
No official confirmation of the agreement
If the agreement is signed and its value reaches the reported level, the project would exceed the $3.5 billion Arrow 3 missile defense system sold to Germany in 2023.
Greece and Israel had not officially confirmed the agreement as of Sunday evening.
Stay Updated with Hilal Times
Subscribe to be informed about special news, developments and announcements. We will keep you informed.
By signing up, you agree to our Privacy Policy
