Israel and Greece Sign $3.5 Billion Military Contract for Achilles Shield Air Defense System

Israel and Greece have signed a significant military agreement, valued at approximately three billion euros, to develop the Achilles Shield air defense system. This deal, announced on Monday, August 31, marks one of the largest arms sales between the two nations, underscoring their strategic partnership in the Eastern Mediterranean. The Israeli Defense Ministry highlighted the agreement as a major step in strengthening regional security and countering perceived threats from actors with “hegemonic ambitions.”

The Achilles Shield project involves the integration of multiple Israeli defense systems, including the David’s Sling and SPYDER systems, along with a new national command control system. This comprehensive approach aims to address a range of aerial threats, from ballistic missiles to drones. In addition to the main contract, Israel and Greece have also signed a separate agreement worth $30 million for the sale of the Drone Dome system from Rafael, further expanding their military collaboration.

Over the past decade, Israel and Greece have deepened their defense ties through various cooperative efforts. These include a $1.65 billion deal with Elbit Systems to establish a flight training school in southern Greece and plans for the sale of Israeli rocket launchers, anti-war vehicles, and drones. The recent Achilles Shield agreement is viewed as the most significant deal in their bilateral relationship, reflecting a growing alignment of interests in the region.

Israeli Defense Minister Israel Katz emphasized the shared strategic interests between Israel and Greece, noting that both nations face common regional challenges. He stated that the agreement is part of a broader effort to counter destabilizing influences and promote stability in the Eastern Mediterranean. The deal also highlights Israel’s expanding role in the region, particularly in the context of its arms exports, which have grown substantially in recent years.

Official data indicate that Israeli arms exports reached over $19 billion in 2025, marking a 30% increase from the previous year. Despite international criticism of Israel’s actions in Gaza, against Hezbollah, and against Iran, the country has continued to expand its military exports. Experts suggest that Israel’s reputation as a reliable supplier of advanced defense technology has contributed to its growing influence in the region.

The Greek Defense Minister, Nikos Dendias, expressed his support for the agreement, although the full statement was cut off in the source material. The deal is expected to enhance Greece’s defensive capabilities and solidify its strategic partnership with Israel. As Israel continues to expand its military exports and defense collaborations, the Achilles Shield agreement stands as a testament to the evolving dynamics of regional security and international defense partnerships.

Source: Read the original report (translated from Mandarin Chinese)