Israel and Greece Finalize €3 Billion Arms Export Contract for Air Defense Systems

Israel and Greece have signed a significant arms export contract worth approximately EUR 3 billion, involving the sale of advanced defense systems to Greece. The agreement includes the “David’s Fronde” defense systems, Barak MX and SPYDER, aerial surveillance radars, and a new national command and control system. These systems are manufactured by Israeli defense companies such as Rafael Defense Company, Israel Aerospace Industries, and its subsidiary Elta Systems. Additionally, Israel has signed a separate contract of EUR 26 million to provide Greece with anti-drone defense systems.

The contract is part of a broader strategic alliance between Israel and Greece, which has been strengthening over the past decade. Prime Minister Benjamin Netanyahu described the agreement as one of the most important in Israel’s history, emphasizing its role in extending the Eastern Mediterranean alliance with Greece and Cyprus. He highlighted Israel’s confidence in its defense exports and the strengthening of regional alliances.

Greece has become the first EU member state to adopt a multi-layered air defense system known as “Achille Shield.” This system is designed to protect the country from a range of threats, including drones, aircraft, cruise missiles, and ballistic missiles. Greek Defence Minister Nikos Dendias stated that the acquisition is part of a larger EUR 4.2 billion investment in the “Achille Shield” program, which he described as a necessity following the freeze of the weapons budget during the financial crisis (2009-2018).

The timing of the contract comes amid heightened regional tensions, with Israeli officials referencing actors with hegemonic ambitions seeking to expand their influence and undermine stability. Israeli Defense Minister Israel Katz noted that Israel and Greece share common strategic interests and face similar regional challenges. The agreement is seen as a strategic move to bolster Greece’s defense capabilities in a volatile region.

The sale has drawn international attention, particularly in light of Israel’s actions in the Gaza conflict. Despite this, the Israeli government has framed the contract as a reflection of its strength and confidence in its defense exports. The deal underscores the deepening military and strategic cooperation between Israel and Greece, highlighting the complex dynamics of regional security and international relations.

The collaboration between Israel and Greece exemplifies the intricate web of defense and security partnerships that extend beyond national borders. As both nations navigate shared challenges and strategic interests, their cooperation serves as a reminder of the interconnected nature of global security. The partnership reflects a commitment to mutual defense and regional stability, even amid broader geopolitical tensions.

Source: Read the original report (translated from French)