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EconomicIsrael·30 Aug 2026 · 4h ago

Israel and Greece to sign $3.6 billion defence agreement

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Israel and Greece were scheduled to sign a $3.6 billion defence agreement on Monday in Tel Aviv, marking the largest defence export deal in Israeli history. Under the project known as “Achilles Shield,” Rafael Advanced Defense Systems was slated to provide Greece with David's Sling systems for intercepting heavy rockets and ballistic missiles, alongside mobile SPYDER systems for countering drones. Additionally, Israel Aerospace Industries agreed to supply the Barak MX system, designed to defend against aircraft and missiles.

Consequences

The agreement will lead to a significant transfer of advanced air and missile defence technology from Israeli manufacturers to the Greek military. This deal integrates specialized Israeli interceptor systems, including David's Sling, SPYDER, and Barak MX, into Greece's defensive infrastructure.

Sources

Middle East Eye
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