Finance

Israel in deal to sell air defence system to Slovakia for $582 million

Published by Global Banking & Finance Review

Posted on December 23, 2024

2 min read

· Last updated: January 27, 2026

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Israel's former defence chief Gallant discusses Slovakia air defence deal - Global Banking & Finance Review
The image features Israel's former defence chief Gallant discussing the significant $582 million air defence system sale to Slovakia, showcasing Israel's advanced military technologies.
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By Steven Scheer JERUSALEM (Reuters) - Israel agreed to sell an advanced air defence system to Slovakia valued at 560 million euros ($582 million), making it the largest defence export contract

Israel's $582 Million Air Defense Deal with Slovakia

By Steven Scheer

JERUSALEM (Reuters) - Israel agreed to sell an advanced air defence system to Slovakia valued at 560 million euros ($582 million), making it the largest defence export contract between the two countries, Israel's Defence Ministry said on Monday.

The agreement will further strengthen the bond between Israel and Slovakia while bolstering Slovakia's defence capabilities, the ministry said.

Under the deal, Israel will sell to Slovakia the Barak MX Integrated Air Defense System that is produced by state-run Israel Aerospace Industries. The system is designed to counter current and future aerial threats from such sources as fighter jets, helicopters, drones, and cruise, surface-to-air and ballistic missiles.

It is able to intercept missiles at ranges up to 150 km (93 miles), the ministry said.

"The expansion of Israeli defense exports during the war (in Gaza) is a direct result of Israeli technologies proving themselves on the battlefield," said Eyal Zamir, director general of the defence ministry. "We're seeing increased interest from more countries in the exceptional performance of the IDF and Israeli combat systems, both defensive and offensive."

Defence exports, he added, are key to Israel's security and economic strength.

"They enable us to keep developing the next generations of the world's most advanced combat systems," he said. "I believe other NATO nations will follow Slovakia's lead."

($1 = 0.9618 euros)

(Reporting by Steven Scheer; Editing by Howard Goller)

Key Takeaways

  • Israel sells Barak MX system to Slovakia for $582 million.
  • Largest defense export contract between Israel and Slovakia.
  • Deal strengthens Slovakia's defense against aerial threats.
  • Israeli defense exports rise due to proven battlefield tech.
  • Potential for other NATO countries to follow Slovakia's lead.

Frequently Asked Questions

What is the main topic?
The article discusses Israel's $582 million defense deal with Slovakia for the Barak MX air defense system.
What system is being sold?
Israel is selling the Barak MX Integrated Air Defense System to Slovakia.
Why is this deal significant?
It's the largest defense export contract between Israel and Slovakia, enhancing Slovakia's defense capabilities.

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