World News
Israel and Greece sign €3 billion defense agreement for air defense system
The deal will provide Greece with a multi-layered defense array built using Israeli-made missile and drone defense technology.
The short version
- Israel and Greece have signed an arms export deal valued at approximately €3 billion to supply Greece with a multi-layered air defense array known as the Achilles Shield.
- The agreement includes Israeli systems such as David's Sling, SPYDER, and BARAK MX, which draw on Israel's recent military experience.
- The contract fits into Greece's planned €28 billion military modernization initiative through 2036, which also involves procurement from the U.S., France, and Italy.
Key facts
- Israeli Defense Ministry Director General Amir Baram and Greek official Ioannis Bouras signed the arms export deal in Tel Aviv.[Deutsche Welle]
- The transaction is valued at approximately €3 billion (roughly $3.48 billion).[Deutsche Welle]
- The planned system, designated the Achilles Shield, will incorporate Israeli defense products including David's Sling, SPYDER, and BARAK MX.[Deutsche Welle]
- Greece plans to invest around €28 billion by 2036 in its broader military modernization initiative.[Deutsche Welle]
- The bilateral negotiations for the defense agreement spanned approximately three years.[Deutsche Welle]
What remains uncertain
- The precise timeline for delivering and fully deploying the air defense hardware to Greece has not been disclosed.[Deutsche Welle]
Sources
- Israel signs €3 billion arms export deal with GreeceDeutsche Welle