Athens, Greece – Israel announced a massive defense deal with Greece worth approximately $3.6 billion, making it, according to Israeli reports, the largest military export deal in the history of the Israeli defense industry. The deal includes the implementation of an integrated air defense project called “Achilles Shield.” This project aims to enhance Greece’s ability to counter a wide range of aerial and missile threats. This comes amidst rapidly evolving security developments in the region.
The project includes integrating several Israeli defense systems, enabling the creation of a multi-layered network for detecting and intercepting missiles, drones, and various aerial threats. Additionally, command, control, and air defense operations management systems will be upgraded. The deal is expected to enhance Greek defense capabilities, particularly given Athens’ focus in recent years on modernizing its military systems. It also strengthens Greece’s ability to protect its airspace and vital infrastructure.
The deal is of particular importance to Israel, as its value surpasses that of the Arrow 3 missile defense system sale to Germany, which was worth approximately $3.5 billion and was the largest Israeli military export deal in history before the announcement of this new agreement. Observers believe the agreement reflects growing military cooperation between Israel and Greece. Furthermore, it underscores the increasing European demand for air and missile defense systems, given the escalating threats posed by missiles and drones and the evolution of modern warfare tactics.
