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Israel signs $3.5 billion air defence deal with Greece

The project will combine Israeli and Greek systems with AI-powered command software and source-code access, while Greek companies take at least 25% of the work.

  • 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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135 Articles

Associated Press NewsAssociated Press News
+2 Reposted by 2 other sources
Lean Left

Israel and Greece sign a multi-billion-dollar weapons deal, the largest between the countries

·New York, United States
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Lean Right

Turkey continues to threaten Greece. Although both countries are NATO members, there is still mistrust between them. In recent years, Turkey has been spending billions of euros on defense to improve its position. Its arms deal with Israel is part of this strategy.

Lean Left

Israel will build a multi-level air defense system for Greece, dubbed the Achilles Shield, under a three-billion-euro (72.4 billion crowns) defense deal signed by the two countries on Monday, e-Kathimerini reported.

Center

Jerusalem, Aug 31 (EFE).- Israel and Greece signed a contract this Monday for about 3 billion euros for the construction by the Hebrew country of a Greek air defence system that will receive the name Achilles Shield, reported this Monday the Israeli Ministry of Defense. The defense system will include [...] Entry Israel will build for Greece an air defense system for 3 billion euros was first published in HolaNews.

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