A $4 billion defense deal between Israel and Greece is reportedly going forward today, according to a report on the Gplanet website. The agreement is part of Israel's expanding defense exports, which reached $20 billion in 2025. The report notes that Israel is the world's seventh-largest defense exporter and aims to climb to fifth place.
A report published Thursday on the Gplanet website states that a $4 billion defense deal between Israel and Greece has been launched today, citing broader Israeli defense export goals. The report describes the agreement as part of a surge in Israeli defense exports, noting that the sector generated $20 billion in sales in 2025 and is targeting $25 billion in 2026. This follows a series of official confirmations from Greek authorities on Wednesday.
On Wednesday, July 22, at 13:55 Jerusalem, The Zioneer reported that Greece's Supreme National Security Council was expected to approve a €3 billion air defense package. Subsequent updates confirmed the approval, with Greek Defense Minister Nikos Dendias announcing the deal would include Rafael's David's Sling and IAI's Barak systems. Later, the National Security Council formally approved the $4 billion deal, mandating that 25% of components be produced in Greece. Finally, Greek Foreign Minister Dendias confirmed the system would be named 'Achilles Shield' and involve Rafael and IAI components, with full operational capability expected within three years.
The 'Achilles Shield' program is a multi-layered air and missile defense network integrating Israeli systems with Greek F-35s, F-16s, and Belharra-class frigates. The deal deepens the Greece-Israel security axis amid Aegean tensions with Turkey. Israel ranks seventh globally in defense exports, behind the US, Russia, China, France, Germany, and the UK, and the Gplanet report advocates for moving up to fifth place.
The Gplanet report did not specify the systems or Israeli companies involved, though the thread already identified Rafael and IAI as key contractors. The timeline for full operational capability remains within three years, as stated by Greek officials, with no further details on specific delivery schedules.
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