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 readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 23, 2024
2 min readLast updated: January 27, 2026
Israel and Slovakia sign a $582 million deal for the Barak MX air defense system, marking the largest defense export between the two nations.
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)
The article discusses Israel's $582 million defense deal with Slovakia for the Barak MX air defense system.
Israel is selling the Barak MX Integrated Air Defense System to Slovakia.
It's the largest defense export contract between Israel and Slovakia, enhancing Slovakia's defense capabilities.
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