Estonia, Latvia sign contract to buy $1.1-Billion Air Defense System
Estonia and Latvia on Monday signed a joint deal worth around 1 billion euros (US$1.1 billion) for an Iris-T SLM medium-range air defense system from German manufacturer Diehl. “This is by far the biggest defenae investment in Estonian history. Together with Latvia, almost 1 billion for their company is something we don’t see every day,” Estonian Defence Minister Hanno Pevkur told reporters.