{
  "id": 4624221,
  "title": "Israel, Greece seal €3B ‘Achilles Shield’ defense deal",
  "url": "https://urgent.news/2026/08/31/israel-greece-seal-3b-achilles-shield-defense-deal",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-31T10:18:36.000Z",
  "source": {
    "name": "Politico EU",
    "slug": "politico-eu",
    "url": "https://www.politico.eu/article/israel-greece-strike-3b-air-defense-deal/"
  },
  "original_language": "en",
  "account": "Israel and Greece have inked a significant €3 billion defense deal, dubbed the \"Achilles Shield,\" announced on Monday. The comprehensive agreement is described by Israel's Defense Ministry as the largest defense export deal in the history of their relations, and one of the largest in Israel's historical partnerships. The system, which includes David’s Sling, BARAK MX, and SPYDER interceptors, alongside Israeli-made radars and a national command system, is designed to counter a range of threats, from ballistic missiles to drones and aircraft.\n\nGreece valued the deal at €3.035 billion, highlighting that 19 local companies are already partaking in the project, contributing over €750 million. The plan also envisions building a domestic production base to export equipment. Greece's Minister of Defense, Nikos Dendias, expressed optimism, stating that Greece would become the \"first country in the European Union to adopt a similar system.\" This deal symbolizes the deepening security partnership between the two nations.\n\nThe collaboration was further bolstered in January, when Greece and Israel agreed to expand cooperation in areas such as drone and underwater-vehicle swarms, cyber threats, military exercises, and defense technology. This initiative aligns with Greece's \"Agenda 2030,\" a comprehensive military reform aimed at modernizing and domesticating the armed forces. Greece's commitment to this advanced defense system surpasses that of other European countries that have previously acquired Israeli air defenses, including Germany's purchase of the Arrow 3 system in 2023 and Finland's acquisition of David’s Sling in 2024.",
  "summary": "The package will cover ballistic missiles, aircraft and drones.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Globes English",
        "title": "Israel to sign biggest-ever defense deal with Greece",
        "url": "https://urgent.news/2026/08/31/israel-to-sign-biggest-ever-defense-deal-with-greece",
        "published": "2026-08-31T03:59:49.000Z"
      },
      {
        "outlet": "The National Business",
        "title": "Israel and Greece sign $3.4bn defence deal amid rising tension with Turkey",
        "url": "https://urgent.news/2026/08/31/israel-and-greece-sign-3-4bn-defence-deal-amid-rising-tension-with",
        "published": "2026-08-31T11:53:39.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}