Israel, Greece Sign $3.5 Billion Air Defence Deal
Israel and Greece have signed a €3 billion ($3.5 billion) defence agreement under which Israeli companies will build a comprehensive multi-layered air defence system for Greece. The landmark “Achilles Shield” agreement is the largest defence export deal ever concluded between the two countries.
Israel-Greece Deal Creates Achilles Shield
Under the agreement, Greece will acquire several Israeli air and missile defence systems designed to counter threats ranging from drones and aircraft to ballistic missiles.
The package includes David’s Sling and SPYDER systems manufactured by Rafael Advanced Defense Systems, alongside the BARAK MX system produced by Israel Aerospace Industries.
Israel will also provide MMR multi-mission radars for air surveillance and a national command-and-control system integrating the different layers of Greece’s future air defence network.
Greece Adds Drone Dome to Defence Package
A separate agreement worth approximately €26 million ($30 million) covers Rafael’s Drone Dome counter-drone systems, which will be deployed to protect strategic locations.
The wider agreement also includes technology transfer and industrial cooperation intended to strengthen Greece’s domestic defence sector.
For David’s Sling, Greece will become only the second international customer after Finland.
Greece Accelerates Military Modernisation
The deal forms part of Athens’ broader programme to modernise its armed forces in response to changing security conditions in the eastern Mediterranean and wider region.
Greece plans to spend around €28 billion on defence modernisation through 2036, including F-35 fighter aircraft from the United States and new frigates.
Israel, meanwhile, recorded more than $19 billion in defence exports in 2025, with missiles, rockets and air defence systems accounting for more than half of those sales.
