Israel and Greece signed a major defense agreement valued at €3.1 billion, according to a report from Israeli news channel 14. The deal marks a significant strengthening of the strategic alliance between the two countries.
Channel 14 reported Monday evening that Israel and Greece signed a €3.1 billion defense agreement, cementing the 'Achilles Shield' multi-layered air defense deal. The figure is slightly higher than earlier estimates that cited approximately €3 billion or over 10 billion shekels.
The Zioneer first broke the story at 12:13 Jerusalem, valuing the accord at more than 10 billion shekels and describing it as a strategic message aimed at Turkey. Minutes later, at 12:12, multiple Israeli outlets confirmed the signing. Yediot News specified that the package includes David’s Sling, BARAK MX and SPYDER interceptors, MMR radars, a national command-and-control system, and a separate €26 million contract for Drone Dome anti-drone systems. Defense Minister Israel Katz said the deal reflects the deep strategic ties between the countries. Prime Minister Benjamin Netanyahu then called it one of the largest defense agreements in Israel’s history and a continuation of the Eastern Mediterranean alliance with Greece and Cyprus. In a later statement, Netanyahu explicitly directed a message at Turkish President Erdogan, emphasizing Israel’s strength and regional alliances. A ynet report subsequently quoted Netanyahu saying the agreement expresses the strengthening of alliances in the region.
The deal comes amid broader regional realignments. As The Zioneer has reported, the UAE has agreed to release $10–20 billion in frozen Iranian funds, and the United States has finalized a comprehensive agreement with Iran that includes substantial financial transfers to Tehran. The Israel-Greece defense pact reinforces a bloc of like-minded Eastern Mediterranean nations countering Iranian and Turkish influence.
The full breakdown by system cost, delivery timeline, and implementation schedule have not been publicly disclosed. The agreement remains subject to final internal approvals in both countries.
8 developments
- StrongGreece approves $4 billion 'Achilles Shield' air defense deal from Israel
- StrongRomania signs €2B+ deal for Israeli SPYDER air defense system from Rafael
- DevelopingKatz says Israel, Greece committed to deepening defense cooperation amid regional threats
- DevelopingRafael subsidiary wins $400M+ mine supply deal with Sweden
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- Open-source intake