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Finland will buy rockets from Elbit for 70 million dollars - voila! Of money


The Finns continue to arm themselves to deter the Russians. Ordered rockets with a range of dozens of kilometers from Elbit, after buying missiles from Rafael and are considering purchasing from IAI as well

Launching a 122 mm guided rocket made by Elbit (Elbit)

2023 marks the year in which Israel's defense industry may replace the high-tech industry as the engine of the economy.

Although Israel refuses to sell weapons to Ukraine, it benefits from arms orders from the neighborhoods of Kyiv, which are worried about the intentions of the Russians.

Finland ordered missiles from Elbit in a deal worth 70 million dollars, for its ground army.

In the war in Ukraine, both sides are making extensive use of long-range rockets, with the Ukrainians using rockets supplied by the US to attack weapons stockpiles, air defense systems, and residential sites of Russian soldiers.

Finland will purchase 122 mm rockets from Elbit's land division.

Elbit manufactures a variety of such guided rockets, developed by Israel Industries, which it purchased, for ranges of 35 to 300 km.

This is already the second arms deal between the Finns and Israel's defense industries in two months: in December, Finland ordered 224 million euros worth of Spike anti-aircraft missiles from Rafael. These missiles were also intended to deter Russia from invading Finland, which, following the Russian invasion of Ukraine, gave up its independent status and joined NATO "and.

At the same time, the Finns are holding a tender for an air defense system that can intercept Russian missiles if they are launched at it, in which the Aerospace Industry competes with the Barak MX system and Rafael with the David Slingshot (magic wand) system.

The financial potential of the air defense system deal is greater than that of the spike deal.

The Finnish Defense Minister said that the procurement of the air defense systems will be the second largest deal that his country will carry out after ordering 64 F-35 stealth aircraft last year from Lockheed Martin, in a deal worth 9.4 billion dollars.

Destruction in the streets of Donetsk.

The Russian invasion also forced peaceful countries in Europe to increase their defense expenditures (Photo: Reuters)

The Finnish purchase can of course be attributed to tensions with neighboring Russia, but also from a European perspective, this is a phenomenon: countries such as Sweden, Germany, France and others, which were not known for large defense budgets, doubled - and more than that - their defense expenditures.

The main reason for the move is the explanation for the Russian invasion of Ukraine, but it should be noted that the beginnings of the phenomenon were seen even before the war, following the decision of the former American president, Donald Trump, to cut the defense aid budgets for the European countries that are members of the NATO alliance.

  • Of money

  • news


  • Elbit

  • Finland

Source: walla

All business articles on 2023-01-11

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