The Daily Populous Saturday November 16th, 2024 morning edition
Authored by en.globes.co.il and submitted by DroneMaster2000

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."

Iron Dome, manufactured by Rafael advanced Defense Systems is the short-range layer of Israel's multi-layer air defense system designed to handle threats up to a range of 40 kilometers, with each interception missile costing $30,000. For further ranges David's Sling, also manufactured by Rafael intercepts threats at a cost of $700,000 per missile. In August 2023, the US approved the sale of an Israeli David's Sling system to Finland for €316 million.

To combat long-range threats, Israel has the Arrow 2 and Arrow 3 systems produced by Israel Aerospace Industries (IAI). Arrow 2 is for interceptions within the atmosphere and Arrow 3 outside of the atmosphere. 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.

Published by Globes, Israel business news - en.globes.co.il - on November 15, 2024.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2024.

SomebodyWondering665 on November 16th, 2024 at 03:56 UTC »

Well this is not going to make Turkey very happy. How does Erdogan respond? By asking Iran for something?

phantom_in_the_cage on November 16th, 2024 at 02:23 UTC »

The world is shifting, only the clueless can't see it. Uncertain times ahead

DroneMaster2000 on November 15th, 2024 at 21:19 UTC »

SS: Greece is negotiating a €2 billion deal with Israel to develop its own Iron Dome air defense system, aiming to enhance military capabilities amid tensions with Turkey. The system would form part of a multi-layered defense strategy, countering drones and missiles.

This move reflects growing Greece-Israel defense ties and mirrors regional trends, as other nations like Germany and Finland also adopt Israeli systems for advanced security.