Palestine Chronicle | September 24, 2020
The Israeli and Italian governments concluded a major arms deal, according to a statement issued Wednesday by the Israeli Defense Ministry.
According to Israeli sources, the deal would allow Israel to sell “Spike anti-tank guided missiles and aircraft simulators in exchange for training helicopters to replace the Israeli Air Force’s aging fleet”.
Intense talks, which led to the agreement, began last February.
The military exchange is estimated at hundreds of millions of dollars and its consequences are expected to last for at least two decades. According to the newly-signed agreement, Italian military contractor Leonardo will provide Israel with 20 years of aircraft maintenance.
“The agreement signed today is another expression of the close security and economic relations between Israel and Italy,” Israeli Defense Ministry Director-General Amir Eshel said in a statement, which was quoted in The Times of Israel.
Israel is currently the eighth leading weapons exporter in the world, and its military hardware, touted as ‘combat-proven’, is coveted by many countries.