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Greece Signs $3.5 Billion Air Defense Deal With Israel

General23 sourcesAug 31, 2026
ContestedRigor 6123 sources

Greece and Israel signed a $3.5 billion defense deal on Monday, under which Israel will build a multi-layered air defense system for Greece, known as "Achilles Shield." Israel's defense ministry described the agreement as the largest defense export deal in the history of Israel-Greece relations, and one of the largest in the history of the State of Israel. The comprehensive system, estimated to cost $28 billion by its 2036 completion, will integrate Israeli-made David's Sling, SPYDER, and Barak MX systems, along with MMR multi-mission radars. Rafael Advanced Defense Systems produces David's Sling and SPYDER, while Israel Aerospace Industries manufactures Barak MX and IAI unit ELTA Systems produces the radars. Greece will become the second customer for the David's Sling system, following Finland. The agreement, signed in Tel Aviv by Maj. Gen. (Res.) Amir Baram of Israel's Defense Ministry and his Greek counterpart Ioannis Bouras, also includes a new national command-and-control system developed by Rafael. An additional $26 million deal will provide Greece with Rafael's Drone Dome systems for strategic site protection. Greek Defence Minister Nikos Dendias stated that modern conflicts have rendered pre-existing defense doctrines obsolete. The Achilles Shield, negotiated over three years, is scheduled to achieve full operational readiness within 35 months. Greece plans to spend approximately €28 billion ($32 billion) by 2036 on military modernization, including the acquisition of F-35 fighter jets from the U.S. and frigates from France and Italy. Greek industry will undertake over 25 percent of the work, exceeding €700 million, and Athens will gain source-code access for independent system operation and sustainment.

What they agree on

  • Greece and Israel signed a defense deal on Monday worth approximately $3.5 billion (€3 billion).
  • The agreement involves Israel building a multi-layered air defense system for Greece, known as "Achilles Shield."
  • The deal is considered the largest defense export agreement in the history of Israel-Greece relations and one of the largest in Israel's history.
  • The Achilles Shield system will integrate Israeli-made David's Sling, SPYDER, and Barak MX systems, along with MMR multi-mission radars.
  • Greece's broader military modernization program, including the Achilles Shield, is estimated to cost around €28 billion ($32 billion) by 2036.

Where they split

  • Middle East Eye and Al Jazeera highlight the deal in the context of rising tensions between Israel and Turkey, and broader European wariness of Israel following conflicts in Gaza, Lebanon, and Iran.
  • The New York Sun and Jewish News Syndicate emphasize the deal as a response to "Anti-Israel Animus Surges and Turkey Threatens" and "Jew-hatred."
  • Greek City Times provides specific details about Greek industry involvement, stating that Greek companies will receive over 25 percent of the work, totaling more than €700 million, and Athens will obtain source-code access.
  • Reuters and The Straits Times mention that David's Sling was used by Israel to intercept Iranian missiles during the war with Iran this year, providing operational context for one of the systems.