Israel Signs $3.5bn Arms Deal with Greece
Israel has signed a €3 billion ($3.5 billion) arms agreement with Greece, marking one of the country’s largest defence exports.
The deal will form part of Greece’s new “Achilles Shield” aerial defence system, which will include Israeli-made anti-missile, anti-aircraft and anti-drone technologies.
Israeli Prime Minister Benjamin Netanyahu said the agreement builds on the strategic partnership between Israel, Greece and Cyprus and highlights Israel’s defence and technology capabilities.
Greece’s Defence Ministry described the programme as part of the largest reform of the country’s armed forces in its history, with Greece becoming the first European Union member to adopt such a multi-layered air defence system.
Greek Defence Minister Nikos Dendias said modern conflicts had significantly changed military defence requirements, making major changes to existing defence approaches necessary.
The €3 billion purchase is part of a broader €4.2 billion ($4.8 billion) investment planned for the Achilles Shield system, according to a Greek defence ministry source.
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