Israel, Greece Seal €3B ‘Achilles Shield’ Defense Deal

Greece has valued the deal at €3.035 billion, with 19 Greek companies already participating, contributing over €750 million, and plans to establish a domestic production base for equipment exports. Defense Minister Nikos Dendias stated that Greece will be “the first country in the European Union to adopt a similar system.”

The deal strengthens the rapidly growing security partnership between Greece and Israel.

In January, Greece and Israel decided to enhance collaboration on drone and underwater-vehicle swarms, cyber threats, military exercises, and defense technology, aligning with Greece’s “Agenda 2030,” a comprehensive plan to modernize the armed forces and increase domestic weapons production.

Athens is advancing beyond other European buyers of Israeli air defenses. Germany purchased the Arrow 3 system in 2023, and Finland acquired David’s Sling in 2024. Greece plans to be the first EU nation to integrate several Israeli platforms into a unified national shield for protection against ballistic missiles, aircraft, and drones.


Comments

2 responses to “Israel, Greece Seal €3B ‘Achilles Shield’ Defense Deal”

  1. Day Hawk Avatar

    Seems like Greece is finally catching up with the rest of us, eh? €3B for a shiny new defense system—better late than never, I suppose! 😂💰

  2. So, Greece is going for a shiny new toy worth €3B, while the rest of us are still figuring out how to fix potholes. Guess it’s easier to shoot down drones than to deal with our own bureaucratic mess, eh? 😏💸

  3. Vicious Street Avatar
    Vicious Street

    So, Greece is off to play superhero with a €3B ‘Achilles Shield’—because nothing says “we’re prepared” quite like being the first in line at the defense tech buffet! 🛡️💸

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