• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Greece to buy artillery systems from Israel and drones from US, officials say

by December 13, 2024
written by December 13, 2024

ATHENS (Reuters) – Greece is in advanced talks to buy 36 PULS rocket artillery systems from Israel as it pushes to modernise its armed forces, two officials said on Friday.

The discussions on the 600-700 million euro ($630 million-$735 million) deal come as the countries are in negotiations for Israel to sell Greece a 2-billion-euro anti-aircraft and missile defence dome.

Greece’s government will submit the deal to a parliamentary committee for approval in the first quarter of 2025, the officials said.

Athens has drafted a multi-billion, 10-year purchasing plan that also includes acquiring up to 40 new F-35 fighter jets from the U.S. and four frigates from France.

The PULS system, made by Israel’s Elbit, has a range of up to 300 km (190 miles), the officials said. The deal also includes the construction of components in Greece.

One of the officials added that on Friday, the country’s top decision-making body on foreign affairs and defence matters, KYSEA, approved the procurement of US-made Switchblade drones, made by AeroVironment (NASDAQ:AVAV),

Most of the new artillery systems will protect Greece’s northeastern borders with Turkey and its islands in the Aegean, a second official said.

Greece and Turkey, NATO allies, have long been at odds over issues including where their continental shelves start and end, energy resources, flights over the Aegean, and the ethnically partitioned island of Cyprus.

($1 = 0.9535 euros)

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Column-Bleak times for copper smelters as conversion fees slump: Andy Home
next post
Mexico regulator rules Walmex used monopolistic practice, orders fine

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!








    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Bitcoin and other crypto assets sink in flight from risk

      November 24, 2025
    • Stock market sinks as AI and interest rate worries grip investors

      November 24, 2025
    • U.S. added 119,000 jobs in September, but there are signs of a weakening labor market

      November 21, 2025
    • Bargain hunters drive Walmart sales and outlook higher

      November 21, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (670)
    • Stock (6,426)

    Latest News

    • Bitcoin and other crypto assets sink in flight from risk
    • Stock market sinks as AI and interest rate worries grip investors

    Popular News

    • VW plans for factory closures cross several red lines, works council chief says
    • Ashtead Technology acquires Seatronics and J2 for £63m

    About The Significant deals

    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy