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Israel signs $3.5 billion air defense deal with Greece
Defense News • • world
Key Points:
- Israel and Greece signed a €3 billion ($3.5 billion) defense deal for Israel to build a multi-layered air defense system for Greece, marking Israel's largest-ever defense export to the country.
- The deal includes the supply of David’s Sling, SPYDER, and BARAK MX missile systems, as well as MMR multi-mission radars for air surveillance, enhancing Greece’s air defense capabilities.
- Greece plans to invest about €28 billion by 2036 in military modernization, including the Achilles Shield system, up to 40 F-35 fighter jets, and new frigates from France and Italy.
- The agreement also includes a €26 million supplemental deal for Rafael’s Drone Dome systems to protect strategic sites against drone threats.
- Israel will expand defense-industrial cooperation with Greece, involving technology transfers and expertise sharing to support local Greek defense industries.
