Israel and Greece reach $400 million in defense export agreements

The Ministry of National Defense of Greece and Israel's Defense Ministry announced on Monday that they had inked a defense export agreement worth close to $400 million.

According to the agreement, Greece will purchase "Spike" missiles from Rafael, the ministry announced in a statement.

The statement read: “Major General (Reserves) Eyal Zamir, Director General of the Israeli Ministry of Defense, and Vice Admiral (Retired) Aristeidis Alexopulos, Director General of the General Directorate for Defence Investments and Armaments, signed a Government to Government (GTG) agreement for the export of naval, air, and land-based spike missiles produced by Rafael Advanced Defense Systems.”

The arrangement, which is ‘valued at approximately 1.44 billion NIS (or approximately $400 million), was led by SIBAT, the Israeli Ministry of Defense's International Defense Cooperation Directorate’, the ministry spokeswoman continued.

“This project adds to a number of agreements between the State of Israel and the Hellenic Republic and highlights our nations' close defense cooperation and shared commitment to maintaining regional stability. I salute our defense sectors. The State of Israel can achieve successful economic and political outcomes thanks to our technological advantages. Yoav Gallant,” Israel's defense minister, stated.

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