Greece formally approves $4 billion arms deal with Israel, mandates local production of quarter of components

Greece has officially approved the major arms deal with Israel, valued at $4 billion, with a quarter of the components to be manufactured in Greece, according to a report by Or Ben Yekhzekel. The approval follows Defense Minister Nikos Dendias's confirmation of the deal earlier today, which was reported to include David's Sling and Barak air defense systems.

Greece formally approved the $4 billion arms deal with Israel, mandating that a quarter of the components be manufactured locally, according to a report by Or Ben Yekhzekel. The approval follows the confirmation by Defense Minister Nikos Dendias earlier today at 15:20 Jerusalem, as The Zioneer reported.

The thread began on Wednesday, July 22, when reports indicated that Greece's Supreme National Security Council was expected to approve a €3 billion air defense package. By Wednesday afternoon, Reuters reported that the council had officially approved a $4 billion deal, including the 25% local production requirement and a 35-month operational timeline. Shortly after, at 13:55 Jerusalem, we reported that Dendias confirmed the deal, specifically mentioning David's Sling and Barak systems. Then, earlier today at 15:20, Dendias reaffirmed the confirmation, and the latest report now brings the formal approval.

Greece has been advancing broader defense procurement from Israel, including an upgrade of its unmanned aerial vehicle fleet with armed strike capabilities, as The Zioneer reported on June 11.

The specific systems included in the now-approved deal have not been detailed in the latest report. The earlier confirmation mentioned specific systems, but it remains unclear whether the final package is identical. The local production requirement is a new element not previously reported in the thread.

8 developments

1. 4 hours ago · 15:39 · 23 JulLatest

   System named 'Achilles Shield'; involves Rafael and IAI components.

2. 15:26 · 23 Jul

   Greece formally approves deal, mandates 25% local component production.

3. 15:20 · 23 Jul

   Greek Defense Minister confirms deal includes David's Sling and Barak systems.

• Strong19:34 · 28 JunRomania signs €2B+ deal for Israeli SPYDER air defense system from Rafael
• Strong13:40 · 11 JunGreece advances major security procurement from Israel, including armed drone capability upgrade
• Developingyesterday · 14:16 · 22 JulElbit Systems secures $370 million deal for US border security
• Developing14:00 · 29 JunIDF signs $5.6M deal for hundreds of drone-detection radar systems from Magos

Source and signal

• Internal intake