Israel’s protection ministry on Sunday revealed a landmark settlement value 317 million euros ($340 million), marking the sale of its superior David’s Sling air protection system to to new NATO member Finland.
Described as a “historic agreement,” this cutting-edge system, a collaborative effort between Israeli and US corporations, boasts the aptitude to intercept a variety of threats, together with ballistic and cruise missiles, in addition to plane and drones.
Director General MG (Res) Eyal Zamir signed an settlement for the sale of the “David’s Sling” to Finland valued at approx. 317 million EUR. It is one of the world’s main techniques for intercepting superior threats together with ballistic missiles, cruise missiles, plane & drones. pic.twitter.com/lqeAxy7WiK
— Ministry of Defense (@Israel_MOD) November 12, 2023
This growth follows Israel’s substantial $3.5 billion deal signed in September, which stands because the largest-ever settlement for the nation’s flourishing arms business, reported AFP.
The earlier deal concerned the sale of Israel’s Arrow Three hypersonic missile system to Germany, a strategic transfer amid Germany’s efforts to improve NATO’s air defenses within the aftermath of Russia’s invasion of Ukraine.
Notably, the Arrow 3 system, designed for long-range interception, was developed in collaboration between Israeli and US corporations, requiring approval from Washington for its finalisation.
As half of the rising development, Finland swiftly introduced its intention to procure an Israeli protection system succesful of countering plane, rockets, and missiles.
Analysts predict that the continued battle in Ukraine is probably going to gasoline a heightened demand for Israeli protection applied sciences throughout Europe.
With inputs from businesses