Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Israel’s Rafael Advanced Defense Systems Signs $400 Million Greek Deal

Rafael Advanced Defense Systems

Spike missile (Rafael Advanced Defense Systems)

Israel’s Rafael Advanced Defense Systems signed a $400 million deal to provide its naval, air and land-based “Spike” missiles to the Greek military. Director General of the Israel Ministry of Defense, Maj. Gen. (Res.) Eyal Zamir and the Greek Director of the General Directorate for Defense Investments and Armaments, Vice Admiral (rtd) Aristeidis Alexopulos signed the deal which was led by SIBAT, the IMoD’s International Defense Cooperation Directorate.

So, even as Israel is embroiled in domestic political turmoil, with its highways and main streets blocked by anti-government protestors and even local business leaders taking money out of the country to protest the government, Israel is still able to make major international business deals. And, of course, these deals come in the defense sector as Israeli firms like Rafael Advanced Defense Systems, Israel Aircraft Industries, Elbit and others remain at the forefront of defense development.

The Spike anti-tank guided missiles manufactured by “Rafael” are innovative and precise electro-optical missiles that incorporate advanced technology. The Spike missiles can be launched from around 45 platforms from land, air, and sea. Some 40 countries around the world use the Spike missiles, including 19 EU countries and NATO allies. More than 34,000 missiles from the Spike family have already been delivered to various countries around the world and more than 6,000 of them have been launched, both during training as well as for operational use.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.

Israel’s Minister of Defense Yoav Gallant said, “This project joins a series of agreements between the State of Israel and the Hellenic Republic, and further emphasizes the strong partnership between our countries and our defense establishments, as well as our mutual commitment to ensuring regional stability.”

Gallant added that Israel’s technological capabilities enable the nation to make “positive economic and political achievements.”

Maj. Gen. (Res.) Yoav Har-Even, CEO and President of Rafael Advanced Defense Systems said, “We welcome the agreement with the Greek Ministry of Defense and thank the Israeli Ministry of Defense for promoting cooperation with Greece in general and in regards to this deal in particular. 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.”

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Life-Style Health

Medint’s medical researchers provide data-driven insights to help patients make decisions; It is affordable- hundreds rather than thousands of dollars

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...