Israel and Greece finalized a $3.5 billion defence agreement on 2026-08-31, the largest defence export deal in Israeli history, following three years of negotiations. The "Achilles Shield" system provides Greece with multilayered air defence capabilities against potential threats from Turkey and Iran.
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The agreement, which has been under discussion for three years, will provide Athens with a multilayered air defense system against potential threats from Turkey and Iran.
The agreement, negotiated over three years, will become the largest defense export deal in Israel’s history.
The Israeli Defense Ministry called the agreement the largest defense export contract with Athens, and one of the largest of its kind with any country
Despite the growing diplomatic isolation of the government, the agreement makes clear that the Israeli defense industry is still finding considerable demand abroad.