Archive · 31 Aug 2026
Israel and Greece Sign €3 Billion Achilles Shield Deal
Israel and Greece signed a large agreement to build an air-defence system for Greece.
The programme is called Achilles Shield.
It is meant to help protect against missiles, aircraft and drones.
Israel will provide several systems made by Rafael and Israel Aerospace Industries.
These include David’s Sling, SPYDER, BARAK MX and special radars.
A new computer system will connect the different defences so Greek forces can manage them together.
Greece will also buy Drone Dome systems for important sites.
The main deal is worth about €3 billion, while the separate drone deal is worth €26 million.
Greece plans to spend about €28 billion on military modernisation by 2036.
Israel and Greece signed a roughly €3 billion deal for Greece’s multi-layered Achilles Shield air-defence network.
The system will combine David’s Sling, SPYDER, BARAK MX and MMR radar systems with a national command-and-control network.
A separate €26 million agreement will provide Drone Dome systems to protect strategic sites from drones.
Greek companies are expected to receive about €700 million in subcontracting work from the main agreement.
The deal forms part of Greece’s planned €28 billion military-modernisation programme through 2036.
- Who
- Israel and Greece; the agreement was signed by Israeli Defence Ministry Director General Amir Baram and Greek procurement chief Yannis Boras.
- What
- A roughly €3 billion agreement for Greece’s Achilles Shield multi-layered air-defence system, plus a €26 million Drone Dome agreement.
- When
- Monday, August 31.
- Where
- Tel Aviv, Israel.
- Why
- Greece is modernising its military and seeking protection against ballistic missiles, air attacks and hostile drones amid regional security concerns.
- Main agreement
- Approximately €3 billion, equivalent to about $3.5 billion.
- Programme
- Achilles Shield.
- Included systems
- David’s Sling, SPYDER, BARAK MX, MMR multi-mission radars and a national command-and-control system.
- Drone protection
- A separate €26 million agreement for Rafael’s Drone Dome systems.
- Greek industry
- Greek companies are expected to receive about €700 million in subcontracting work.
- Modernisation programme
- Greece plans to spend about €28 billion through 2036.
- Additional planned purchases
- Up to 40 F-35 fighter jets from the United States and frigates from France and Italy.
