Israel and Greece sign a multi-billion-dollar weapons deal, the largest between the countries

On Monday, Israel and Greece signed a multibillion-dollar deal to construct an air defense shield in Greece, marking the largest arms deal between the two Mediterranean nations. The agreement, valued at 3 billion euros (approximately $3.5 billion), includes Israel's new "Achilles Shield" system and aims to bolster their alliance, driven by shared concerns about Turkey's influence in the region.

Israel's Defense Minister Israel Katz emphasized the significance of the deal, stating that it reflects the strategic interests and challenges faced by both countries. The agreement comes amid a surge in Israeli military exports, with the country's arms sales reaching record highs last year, growing by 30% compared to 2024. Greece, meanwhile, is modernizing its armed forces in response to its rival Turkey and NATO member nations.

The deal encompasses various Israeli defense systems, including the David Sling and SPYDER, as well as a new national command and control system. Greek Defense Minister Nikos Dendias highlighted the necessity for modern defense doctrines, acknowledging the impact of advanced technologies and hybrid warfare on traditional military strategies.

The agreement also includes a $30 million deal for Rafael's Drone Dome systems. Despite ongoing tensions between Israel and Turkey, the two nations have deepened their defense cooperation, with Israel benefiting from Greece's focus on upgrading its military capabilities.