Prime Minister Benjamin Netanyahu said Monday that the security agreement reached with Greece — which The Zioneer reported earlier as one of the largest in Israel's history — expresses the strengthening of alliances in the region, according to a ynet report.
Prime Minister Benjamin Netanyahu said Monday evening that the newly signed security agreement with Greece "expresses the strengthening of alliances in the region," according to a ynet report. The remark adds to his earlier characterization of the deal as one of the largest in Israel's history — a description The Zioneer first reported at 18:32 Jerusalem, following the signing in Athens earlier Monday.
The agreement's development unfolded through Monday. At 12:12–12:13 Jerusalem, The Zioneer reported the signing of the 'Achilles Shield' multi-layered air defense deal, valued at over 10 billion shekels (approximately €3 billion), including David's Sling, BARAK MX, and SPYDER interceptors, MMR radars, and a national C2 system, as well as a separate contract for Drone Dome anti-drone systems. Defense Minister Israel Katz confirmed at that time that the deal reflected the deep strategic ties between Israel and Greece. The initial report also noted that Netanyahu had described the agreement as among the largest defense export pacts in Israel's history, extending a decade-old Eastern Mediterranean alliance with Greece and Cyprus.
The 'Achilles Shield' deal is the latest milestone in a deepening defense and energy partnership between Israel and Greece, anchored in the Eastern Mediterranean alliance with Cyprus. Recent bilateral cooperation has included the $3.6 billion 'Achilles Shield' air defense procurement and an upgrade of Greece's drone fleet with armed strike capabilities, as The Zioneer reported on June 11, 2026. The relationship has taken on broader strategic significance amid frictions with Turkey — a point Netanyahu underscored in a Fox News interview on July 6, 2026, when he said Turkish President Erdogan threatens Israel, Greece, and Cyprus and should not receive F-35 aircraft.
No additional details on the agreement's implementation timeline or specific systems have been disclosed at this stage.
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
Source and signal
- Open-source intake