The selection of missiles for the Hellenic Dome is in the final phase. The Israeli companies Israel Aerospace Industries (IAI) and Rafael have submitted bids.<\/h4>\n
The final bids from the two Israeli companies, IAI and Rafael, for the formation of the anti-missile and anti-drone shield that will cover most of Greek territory are expected by the end of the week.<\/p>\n
Then, after being evaluated both operationally and financially, with a cost limit of 2 to 2.5 billion euros, they are expected to be announced to Parliament by Defence Minister Nikos Dendias<\/strong> later this month, along with the entire equipment package for the next 10 to 12 years.<\/p>\n The financial restrictions are necessary despite the fact that, for all of Europe, after the war in Ukraine and the election of Donald Trump in the US, the need to increase defence spending has been set as a priority. As the Ministry of National Defence has pointed out, Greece will have to manage high obligations of 12.8 billion euros for the 2024-2035 period.<\/p>\n As Dendias has stated, he had to prioritise and plan an interdisciplinary list of 852 independent programs with a budget of 53 billion euros. The 65 armament programs will eventually proceed.<\/p>\n It should be noted that the two companies, namely IAI with the BARAK MX for mainland Greece, which will form the backbone of the Hellenic Dome, and Rafael with the Spyder All in One for the Aegean islands, have already submitted the first offers to the Hellenic National Defence General Staff.<\/p>\n SIBAT, the Defence Cooperation Directorate of the Israeli Ministry of Defence, sent the first aggregated responses with the prices for the three different systems (including David Sling), according to New Money<\/a>, which ultimately exceeded 6 billion euros. This is a huge difference from the initial 2 billion euros that had been budgeted.<\/p>\n Business developments and collaborations<\/strong><\/p>\n![\"2](\"https:\/\/greekcitytimes.com\/wp-content\/uploads\/2025\/02\/2-3-1024x687.jpg\")
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