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Magadh Today > Latest News > Global > Isreal, Finland ink $340m air defence system deal
Global

Isreal, Finland ink $340m air defence system deal

Gulshan Kumar
Last updated: 2023/11/13 at 6:03 PM
By Gulshan Kumar 2 years ago
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Cutting-Edge Air Defense Technology to Enhance Finland’s Security

In a landmark development, Israel’s defense ministry has formally announced a substantial €317 million ($340 million) agreement for the sale of the David’s Sling air defense system to Finland, a new entrant to the North Atlantic Treaty Organization (NATO).

Described as a “historic agreement,” the deal involves the transfer of the advanced David’s Sling system, a collaborative effort between Israeli and US companies. This cutting-edge technology is adept at intercepting ballistic and cruise missiles, aircraft, and drones, significantly bolstering Finland’s defense capabilities.

This announcement follows Israel’s September signing of a groundbreaking $3 billion deal, marking the largest-ever transaction for Israel’s formidable arms sector. The agreement involved the sale of the Arrow 3 hypersonic missile system to Germany. The Arrow 3, designed for long-range defense against various threats, including missiles, was jointly developed and produced by Israeli and US companies. Approval from Washington was a prerequisite for finalizing this significant transaction.

Germany’s proactive efforts to fortify NATO’s air defenses in the aftermath of the Russian invasion of Ukraine last year have prompted collaborative arms acquisitions within the alliance. The ongoing conflict in Ukraine is further amplifying the demand for Israeli arms across Europe.

Finland, newly inducted into NATO, promptly revealed its intent to procure an Israeli defense system designed to counter threats posed by aircraft, rockets, and missiles. This move underscores the expanding reach and influence of Israeli defense technology on the global stage.

By AFP

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