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India.com
a day ago
- Business
- India.com
Netanyahu On Edge? Spain Deals A Crushing Blow To Israel, Cancels Mega Anti-Tank Missile Deal
New Delhi: In a move that has sent shockwaves through Jerusalem, Spain has officially cancelled a contract to buy advanced anti-tank missile systems from an Israeli company. Worth an eye-watering €285 million (around $325 million), the deal was expected to supply Madrid with 168 'Spike LR2' missiles – co-produced by an Israeli defense giant and its Spanish subsidiary. The Spanish Defense Ministry confirmed on June 3 that the purchase is now off the table, a decision widely seen as a political rebuke to Israel's Netanyahu government amid rising international outrage over alleged abuses in Gaza. The contract had been signed days before the October 7, 2023, Hamas attack on southern Israel that plunged the region into intense conflict. Spain's left-leaning government had already halted all arms exports to Israel from October 2, but reports suggest that some shipments continued despite the embargo, further fueling tensions. Spain, which co-manufactures the Spike LR2 missile locally, made the dramatic call to scrap the deal as part of a growing wave of European unease about Israel's military actions in Gaza. This move also follows Spain's historic recognition of Palestine in coordination with Norway and Ireland in May last year, signaling a shift in its Middle East policy. This cancellation is more than just a lost contract for Prime Minister Benjamin Netanyahu. It is a diplomatic setback that raises questions about Israel's standing in Europe and the future of its defense ties. The pressure is mounting on the world stage. The Netanyahu government now faces the challenge of navigating a fractious geopolitical landscape while grappling with the fallout of the conflict. The cancelled deal and Spain's hardening stance send a message that Europe's patience with Israel's policies in Gaza is wearing thin, and the fallout could reshape alliances and arms trade across the region.
The National
3 days ago
- Business
- The National
Spain cancels contract for missiles built by Israeli subsidiary
The decision will affect the purchase of 168 Spike LR2 anti-tank missile systems with an estimated value of €285 million (£241m). The systems would have been developed in Spain by Pap Tecnos, a subsidiary of Israel's Rafael Advance Defence Systems, according to local press. READ MORE: Assa Samake-Roman: France is a case study in how we approach stopping far right The Spanish government approved the project on October 3, 2023, four days before the attack by Hamas on southern Israel sparked the ongoing genocide in Gaza. The government said it had stopped exporting arms to Israel as of October 2, 2023, but there were reports some shipments slipped through. In May last year, Spain formally recognized a Palestinian state in a coordinated effort with Norway and Ireland. The International Criminal Court has issued an arrest warrant for Israeli PM Benjamin Netanyahu for alleged war crimes in relation to the onslaught in Gaza. The Israeli government has denied accusations of genocide.
See - Sada Elbalad
4 days ago
- Business
- See - Sada Elbalad
Spain Cancels Deal to Purchase Missiles from Israel Due to Gaza Strip
Amir hagag The Spanish Ministry of Defense confirmed that it had suspended the license of an Israeli company to manufacture 168 Spike LR2 anti-tank missile systems in Spain and ordered the cancellation of the contract and the deal due to the Israeli massacres in the Gaza Strip. The Spanish channel Cadena de Ser reported on its website that the Spanish Ministry had canceled the contract, valued at approximately 285 million euros. The Ministry of Defense explained at the time that the obsolescence of the systems used so far required their replacement with newer systems, similar to those already in service with many allied armies, and that the Israeli company was the only one technically qualified to develop these fifth-generation missiles. The contract, which has not yet been officially concluded, stipulated that the Spanish Ministry of Defense would pay approximately 285 million euros over five years to equip army and marine units already using the previous version of the Spike LR missile with these new missiles. Minister of State for Defense, Amparo Valcarce, indicated that the government is working on "disengagement plans" to avoid dependence on Israel "in any way." read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan
Yahoo
4 days ago
- Business
- Yahoo
Spain cancels €285 million missile contract with Israel's Rafael
Last Friday, Spanish Secretary of State for Defense Amparo Valcarce stated that the government was working on "disengagement plans" to avoid depending on Israel "in any way." Spain's Defense Ministry has suspended the license of an Israeli company intending to manufacture missiles in Spain, local media reported on Tuesday afternoon. The missiles were intended to equip the Army and Marine Corps units. Pap-Tecnos is the Spanish subsidiary of the Israeli firm Rafael Advanced Defense Systems, and had been awarded a €285 million contract to develop 168 firing points and 1,680 Spike LR2 anti-tank missiles. Last Friday, Spanish Secretary of State for Defense Amparo Valcarce stated that the government was working on "disengagement plans" to avoid depending on Israel "in any way." The original contract, which was awarded to Pap-Tecnos, was issued on October 3, 2023 - days before Hamas's southern Israel invasion kickstarted a war which has soured Spanish-Israeli relations. Spain is one of several countries which joined South Africa's International Court of Justice case against Israel, alleging genocide in the war against Hamas. The SILAM multiple rocket launcher program is expected to continue, although without technology which would have otherwise been provided by Elbit Systems, according to El Pais. Despite the canceled contracts, Spanish media reported that the fate of Spain's acquisition of 46 laser designators for €207.1 million from the company Rafael remains unclear. Sign up for the Business & Innovation Newsletter >>
