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Israel signs nearly US$3.5 billion defense deal with Greece
The agreement, dubbed Achilles Shield, includes a multilayered air defense system for Greece using Israeli technology, and follows record Israeli weapons exports of more than US$19 billion in 2025.
Israel signed a defense export deal with Greece valued at nearly €3 billion, or about US$3.5 billion, in what Israel’s Defence Ministry said is the largest agreement between the two Mediterranean countries. The deal, known as Achilles Shield, includes a multilayered air defense system for Greece using Israeli technology, according to the ministry.
Israeli Defence Minister Israel Katz said the two countries share strategic interests and face regional challenges, as he cited efforts by actors seeking to expand influence and undermine stability. The signing comes as Israeli weapons exports have reached record highs, with more than US$19 billion last year, up 30.0% from 2024, based on official data.
The Associated Press also said governments increasingly look to Israel for its systems, including because they are battle-tested and because customers can see in real time that the munitions and systems work. The report noted that the agreement adds to deeper defense ties between Israel and Greece built over the past decade.
Monday’s signing marks the most significant deal between the two, as Greece looks to modernize its armed forces to keep pace with neighbour Turkey. The article tied the timing to Greece’s security planning within NATO and ongoing disputes over sea boundaries in the eastern Mediterranean.