No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Monday, January 19, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Greece in talks to procure Israeli air defense systems

by TheAdviserMagazine
2 months ago
in Business
Reading Time: 4 mins read
A A
Greece in talks to procure Israeli air defense systems
Share on FacebookShare on TwitterShare on LInkedIn


The ceasefire in Gaza is holding, Turkey continues its regional aggression, and the two issues have led Greece, according to reports in the country, to speed up talks to procure three Israeli air defense systems from Israel for €3 billion. The systems, produced by Israel Aerospace Industries (IAI) and Rafael Advanced Defense Systems, will create a new multi-layered defense system.

For many years, Greece has not invested in military technologies, and now they find themselves at a disadvantage in general and facing the main threat, Turkey, in particular. The huge investment will initially cover only the areas of Thrace and the eastern Aegean Sea, with additional deals expected later as Turkey’s missile and rocket threat that covers the entire country, Greece is interested in IAI’s Barak MX missile defense system, Rafael’s David’s Sling, which is also an integral part of the Israeli multi-layered defense system, as well as Spyder, another system manufactured by Rafael.

Barak MX has been sold to a number of countries worldwide

The Barak MX system supports various radars and launchers for coverage against fighter jets, helicopters, UAVs, cruise missiles, surface-to-air missiles and surface-to-surface missiles. The system is based on a smart and operationally proven control center, which allows the integration of additional interceptor missiles: the Barak MRAD short-range interceptor is launched vertically at high speed, adapted to deal with threats at a range of up to 35 kilometers and includes a radar homing head with a single pulse engine; The Barak LRAD interceptor is a medium-range, vertically launched, high-speed interceptor adapted to deal with threats at a range of up to 70 kilometers and includes a radar homing head with a bi-pulse engine; and the Barak ER interceptor is a long-range, vertically launched interceptor that includes a booster engine, a bi-pulse rocket engine, and an advanced radar homing head. The Barak ER interception range is increased by adding a rocket booster and adjusting the communications and radar capabilities to a range of 150 kilometers.

All propulsion engines for the interceptors are manufactured by Israeli government company Tomer, which is the source of national knowhow in the field. The only model used in the Israeli air defense system is the LRAD, which is used in Saar 6 ships. IAI’s Barak MX system has been sold to a number of countries around the world, including Azerbaijan, which procured it in November 2024 for $1.2 billion.

The Spyder – all in one

Rafael presented its Spyder system to the Greek Air Force senior command in April 2024. The system, which has also attracted interest from other customers such as Kenya, is already in use by several countries – including the Czech Republic. Spider is a defense system that provides air defense solutions at different ranges and against a variety of aerial threats, including drones, aircraft, helicopters and short-range ballistic missiles.





RELATED ARTICLES




Greece delays Israel arms deals due to Gaza – report


Spyder – the air defense system overlooked in Israel


Greece mulls procuring Israeli unmanned submarines – report


Greece in talks with Israel on €2b Iron Dome – report






The system intercepts threats using two families of interceptors manufactured by Rafael – Python and Derby. A few months ago, Rafael introduced the All in One configuration for the Spyder system, which offers a complete air defense system including: integral radar, dedicated electro-optical payload, advanced command and control system and Python and Derby interceptors, all installed on just one vehicle. In January 2024, Rafael, in cooperation with the Ministry of Defense R&D Organization (DRDO) (MAFAT) completed a trial of the All-in-One Spyder system.

This configuration constitutes an optimal air defense solution for point defense or as air defense for maneuvering forces, as part of a Spyder battery or in an independent deployment with a small team of operators. In a trial conducted in January in Israel, several scenarios simulating existing and future threats were tested, during which the Spyder system, in its new configuration, intercepted a UAV in a challenging operational scenario with a direct and precise hit. Reports say that Greece plans to deploy the Barak MX throughout mainland Greece with all its ranges: MRAD, LRAD and ER. The Spyder’s versatility will be utilized for the deployment of batteries in the Aegean islands up to Crete.

The medium range layer: David’s Sling

Between the Barak MX for the upper layer and the Spyder in the lower layer is David’s Sling, which was sold to Finland in August 2023 for €316 million. The system has a range of up to 300 kilometers, a speed of 2.55 kilometers per second (Mach 7.5), and the cost of the interceptor is $700,000. Its first operational interception was before the war, in May 2023 as part of the operation in Gaza against Islamic Jihad.

The David’s Sling system is intriguing in the global arena because it also has maneuvering capabilities, and is relevant for intercepting cruise missiles, aircraft, and drones. The system also reflects domestic Israeli cooperation: it includes an MMR radar developed by IAI’s Elta, and the golden Almond command and control system developed by Elbit’s Elisra unit.

The success of David’s Sling led the Ministry of Defense to decide in May 2024 to decommission the US Patriot batteries, which was an achievement for Rafael and made world headlines. The decision stemmed, in part, from the fact that David’s Sling is a national system – meaning that one system covers the territory of a country – while Patriot is based on batteries that cover only a specific area.

David’s Sling is a product that is very close to the PAC3 level, the most advanced interceptor in the Patriot series but in contrast, the Israeli interceptor is cheaper. Thus, each PAC3 interceptor costs an estimated $6 million, while a David’s Sling interception costs Israel about $700,000. In addition, a study by the Center for Strategic and International Studies (CSIS) from December 2022 found that buying a new Patriot battery costs $1.1 billion, while the David’s Sling system was sold to Finland for $353 million.

Published by Globes, Israel business news – en.globes.co.il – on November 12, 2025.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.




Source link

Tags: airdefenseGreeceIsraeliprocuresystemstalks
ShareTweetShare
Previous Post

CDP opposes Nexi’s sale of majority stake in digital banking unit to TPG

Next Post

How $3.6T of “Digital Cash” Bypasses Bitcoin and Ethereum

Related Posts

edit post
China urges WTO to set up panel in case against India’s incentive schemes for auto, battery, EV

China urges WTO to set up panel in case against India’s incentive schemes for auto, battery, EV

by TheAdviserMagazine
January 19, 2026
0

New Delhi: China has requested the WTO's dispute settlement body to set up a panel in a case it has...

edit post
The curious case of the ICE pastor as Minnesota protesters disrupt church services and DOJ launches investigation

The curious case of the ICE pastor as Minnesota protesters disrupt church services and DOJ launches investigation

by TheAdviserMagazine
January 19, 2026
0

The U.S. Department of Justice said Sunday it is investigating a group of protesters in Minnesota who disrupted services at...

edit post
Hot Mobile accepts NIS 1.88b Delek Israel bid

Hot Mobile accepts NIS 1.88b Delek Israel bid

by TheAdviserMagazine
January 19, 2026
0

Delek Israel looks set to buy Hot Mobile from Altice Group for NIS 1.88 billion after receiving an exclusive...

edit post
Warrior Met Coal’s CEO Sells Shares Worth  Million

Warrior Met Coal’s CEO Sells Shares Worth $10 Million

by TheAdviserMagazine
January 19, 2026
0

This Alabama-based coal exporter reported significant insider selling amid a year of strong share price gains. Walter J. Scheller, Chief...

edit post
Tel Aviv penthouse fetches NIS 34.6m

Tel Aviv penthouse fetches NIS 34.6m

by TheAdviserMagazine
January 19, 2026
0

Real estate developers Chen and Itay Gindi and Rami Shbiro, who have a joint project in north Tel Aviv,...

edit post
Deutsche Bank says US national debt is ‘achilles heel’ in Trump’s Greenland threats

Deutsche Bank says US national debt is ‘achilles heel’ in Trump’s Greenland threats

by TheAdviserMagazine
January 19, 2026
0

President Trump may be overplaying his hand in negotiations for Greenland, economists are warning, after the Oval Office threatened new...

Next Post
edit post
How .6T of “Digital Cash” Bypasses Bitcoin and Ethereum

How $3.6T of “Digital Cash” Bypasses Bitcoin and Ethereum

edit post
From Sharpe to Pedersen: Why Active Management Isn’t Zero-Sum After All

From Sharpe to Pedersen: Why Active Management Isn’t Zero-Sum After All

  • Trending
  • Comments
  • Latest
edit post
Most People Buy Mansions But This Virginia Lottery Winner Took the Lump Sum From a 8 Million Jackpot and Bought a Zero-Turn Lawn Mower Instead

Most People Buy Mansions But This Virginia Lottery Winner Took the Lump Sum From a $348 Million Jackpot and Bought a Zero-Turn Lawn Mower Instead

January 10, 2026
edit post
Utility Shutoff Policies Are Changing in Several Midwestern States

Utility Shutoff Policies Are Changing in Several Midwestern States

January 9, 2026
edit post
80-year-old Home Depot rival shuts down location, no bankruptcy

80-year-old Home Depot rival shuts down location, no bankruptcy

January 4, 2026
edit post
Tennessee theater professor reinstated, with 0,000 settlement, after losing his job over a Charlie Kirk-related social media post

Tennessee theater professor reinstated, with $500,000 settlement, after losing his job over a Charlie Kirk-related social media post

January 8, 2026
edit post
Warren Buffett retires on December 31 and leaves behind a manual for a life in investing

Warren Buffett retires on December 31 and leaves behind a manual for a life in investing

December 27, 2025
edit post
Elon Musk Left DOGE… But He Hasn’t Left Washington

Elon Musk Left DOGE… But He Hasn’t Left Washington

January 2, 2026
edit post
Nature, Nurture, and Identical Twins (with David Bessis)

Nature, Nurture, and Identical Twins (with David Bessis)

0
edit post
Why Bitcoin would crash, then tally, on alien disclosure

Why Bitcoin would crash, then tally, on alien disclosure

0
edit post
Stock news for investors: Groupe Dynamite reports strong Q4, adjusts 2025 outlook

Stock news for investors: Groupe Dynamite reports strong Q4, adjusts 2025 outlook

0
edit post
Barrick Gold: Starke Momentum-Phase treibt den Minen-Giganten Richtung 55 USD-Marke!

Barrick Gold: Starke Momentum-Phase treibt den Minen-Giganten Richtung 55 USD-Marke!

0
edit post
Tel Aviv penthouse fetches NIS 34.6m

Tel Aviv penthouse fetches NIS 34.6m

0
edit post
Turning Burnout Into (Real) Financial Freedom with 7 Rentals in Just 3 Years

Turning Burnout Into (Real) Financial Freedom with 7 Rentals in Just 3 Years

0
edit post
Why Bitcoin would crash, then tally, on alien disclosure

Why Bitcoin would crash, then tally, on alien disclosure

January 19, 2026
edit post
Barrick Gold: Starke Momentum-Phase treibt den Minen-Giganten Richtung 55 USD-Marke!

Barrick Gold: Starke Momentum-Phase treibt den Minen-Giganten Richtung 55 USD-Marke!

January 19, 2026
edit post
If you’ve always felt like you don’t quite belong anywhere, psychology says you have these 9 rare traits

If you’ve always felt like you don’t quite belong anywhere, psychology says you have these 9 rare traits

January 19, 2026
edit post
China urges WTO to set up panel in case against India’s incentive schemes for auto, battery, EV

China urges WTO to set up panel in case against India’s incentive schemes for auto, battery, EV

January 19, 2026
edit post
The curious case of the ICE pastor as Minnesota protesters disrupt church services and DOJ launches investigation

The curious case of the ICE pastor as Minnesota protesters disrupt church services and DOJ launches investigation

January 19, 2026
edit post
Hot Mobile accepts NIS 1.88b Delek Israel bid

Hot Mobile accepts NIS 1.88b Delek Israel bid

January 19, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Why Bitcoin would crash, then tally, on alien disclosure
  • Barrick Gold: Starke Momentum-Phase treibt den Minen-Giganten Richtung 55 USD-Marke!
  • If you’ve always felt like you don’t quite belong anywhere, psychology says you have these 9 rare traits
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.