Israel and Greece signed a €3 billion ($3.5 billion) defense export agreement on August 31, 2026, for Israel to build Greece's multi-layered air defense system called "Achilles Shield." Greece described the purchase as part of the largest modernization of its armed forces in its history.
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Israel said one of its largest ever arms export deals would entail setting up an air defense system for Greece.
Israel and Greece signed a defense-export agreement worth about €3 billion on Monday in Tel Aviv for Israel to build Greece’s “Achilles Shield,” a multi-layered air defense network using Israeli-made systems [euronews.com#1][breakingdefense.com#1][defensenews.com#1][edrmagazine.eu#1][politico.eu#1][dw.com#1]. Israel’s Defense Ministry said the deal was the largest defense export agreement in Israe
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In a statement, the Greek Defence Ministry said the multi-billion euro purchase was part of "the greatest reform of its armed forces in its history."