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Israel signs $400M deal to sell anti-tank missiles to Greece

by Reuters

JERUSALEM Apr 10, 2023 - 11:52 am GMT+3
Army tanks take part in the military parade commemorating Greek Independence Day in Athens, Greece, March 25, 2023. (AP Photo)
Army tanks take part in the military parade commemorating Greek Independence Day in Athens, Greece, March 25, 2023. (AP Photo)
by Reuters Apr 10, 2023 11:52 am

Israel signed a 1.44 billion shekel ($400 million) deal to sell Spike anti-tank missiles to Greece, Israel's Defense Ministry said Monday, just days after reaching a similarly sized deal to provide air defenses to newly inducted NATO member Finland.

The Spike is a guided anti-tank missile used by many EU and NATO countries produced by Israeli state-owned defense contractor Rafael.

"The Spike missiles will strengthen the Greek army's portfolio of operational tools and we expect further expansion through strategic collaborations in the near future," said Rafael CEO Yoav Har-Even.

Israel's defense minister said the agreement reinforces ties between the countries.

Last week Israel and Rafael said they would provide the advanced air-defense system David's Sling to Finland, after it officially joined NATO on April 4.

Finland will receive the defense system designed to intercept ballistic and cruise missiles in a 316 million euro ($345 million) deal. It still requires approval from the United States, which is involved in the system's development.

Finland's accession, ending seven decades of military non-alignment, roughly doubles the length of the border NATO shares with Russia and bolsters its eastern flank as the war in Ukraine grinds on with no resolution in sight. It also drew a threat from Moscow of countermeasures.

Finland said the deal with Israel will significantly boost its capabilities, and Israel called it a "quantum leap" in defense collaboration between the countries.

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  • Last Update: Apr 10, 2023 1:10 pm
    KEYWORDS
    defense industry arms sales military israel greece anti-tank weapons anti-tank system missile
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