31/08/2026
TEL AVIV, ISRAEL | AUGUST 31, 2026
Israel and Greece have signed the historic €3.035 billion “Achilles Shield” agreement, the largest defense deal ever between the two countries and one of the largest defense-export agreements in Israel’s history.
The deal will see Israel help build a nationwide, multi-layered air and missile defense network for Greece integrating David’s Sling, SPYDER and BARAK MX, alongside Israeli MMR multi-mission radars and a new national command-and-control system. Together, the network is designed to defend against ballistic and cruise missiles, aircraft, UAVs and drones while incorporating Greece’s existing air-defense capabilities.
The program is expected to become operational within approximately 35 months, with more than 25% Greek industrial participation valued at roughly €750 million, along with technology transfer intended to give Greece greater autonomy in operating, maintaining and upgrading the system.
The agreement represents more than a major Israeli defense export. It significantly deepens the strategic partnership between Israel and Greece while placing Israeli-developed technology at the center of one of Europe’s most ambitious national air-defense modernization programs.
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