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Israel signs $3.5 billion air defence deal with Greece

The multilayered system will combine Israeli missiles, radars and AI-assisted command software as Greece seeks stronger defenses against drones and ballistic threats.

  • On Monday, Greece and Israel are scheduled to sign the €3.1 billion Achilles Shield agreement in Tel Aviv, creating an integrated air-and-missile defense network linked via AI-powered command-and-control software.
  • Athens will phase out aging Russian-built S-300 and Tor-M1 systems through the program, which forms part of a broader €28 billion modernization plan to strengthen Greece's defense capabilities through 2036.
  • Valued at more than €700 million, Greek industry will handle at least 25% of the project, with agreed source code transfers providing Greece national operational control over the integrated network.
  • Following the signing, the implementation phase is slated to last about 35 months, with systems delivered progressively to ensure complex AI-enabled software integrates effectively into the Greek Armed Forces defense network.
  • As Israel and Greece assess security implications of the Mecca Joint Defence Agreement, this regional cooperation positions the network as a vital counter-measure against shifting alliances in the Eastern Mediterranean.
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Israel and Greece sign a €3 billion defense agreement Israel will build a multi-level air defense system in Greece with the David's Sword, SPYDER and <p>BARAK MX systems. This is the largest defense agreement between countries.</p>

·Kyiv, Ukraine
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Ynet News broke the news in Tel Aviv-Yafo, Israel on Friday, August 28, 2026.
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