Greece is conducting negotiations with Israel to develop its own Iron Dome air defense system for €2 billion ($2.11 billion), as part of an ambitious plan to modernize its military capabilities, "Reuters" reports, according to senior Greek officials.
The main reason behind Athens interest in such a major deal is its enmity with Turkey, its big eastern neighbor, which in August announced its own "Steel Dome" multi-layer air defense project.
"The plan is to create a multi-layer anti-aircraft and anti-drone system.
We are in discussions with Israel," one source with knowledge of the issue told "Reuters.".
To combat long-range threats, Israel has the Arrow 2 and Arrow 3 systems produced by Israel Aerospace Industries (IAI).
The cost of an interception by the Arrow 2 is $1.5 million and the cost with Arrow 3 is $2 million.
Israel has sold an Arrow 3 system to Germany for $3.5 billion, with delivery due to begin next year. »