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● TRACKER Updated 14d ago · 8 sources tracked

Israel signs $3.5 billion air defence deal with Greece

Israel and Greece have signed a $3.5 billion air defence deal, one of the largest defence export agreements between the two countries. The deal, also referred to as the 'Achilles Shield', includes a multilayered air defence system using Israeli technology. This agreement comes as Israel's defence exports continue to rise.

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  • ✓ Israel has signed a $3.5 billion air defence deal with Greece.
  • ✓ The deal is one of the largest defence export agreements between Israel and Greece.
  • ✓ The agreement includes a multilayered air defence system using Israeli technology.
  • ✓ The deal is valued at nearly 3 billion euros.
🛡️ Source Corroboration: 8 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

The development of a specific deal value and details, with multiple sources confirming the $3.5 billion figure and the inclusion of a multilayered air defence system.

Live updates

  1. Israel signs $3.5 billion air defence deal with Greece

    Israel and Greece have signed a $3.5 billion air defence deal, one of the largest defence export agreements between the two countries. The deal, also referred to as the 'Achilles Shield', includes a multilayered air defence system using Israeli technology. This agreement comes as Israel's defence exports continue to rise.

    Why it matters

    The deal is significant as it strengthens military ties between Israel and Greece, particularly in the face of regional threats from Turkey and Iran. Israel has been expanding its defence exports in recent years, with Greece being a key partner in the region. The agreement is also seen as a boost to Israel's economy.

    What is confirmed

    • Israel has signed a $3.5 billion air defence deal with Greece.
    • The deal is one of the largest defence export agreements between Israel and Greece.
    • The agreement includes a multilayered air defence system using Israeli technology.
    • The deal is valued at nearly 3 billion euros.

    What to watch next

    • Implementation timeline of the air defence system
    • Response from Turkey and Iran
    • Future defence collaborations between Israel and Greece
    Sources used for this update (9)
    1. The Jerusalem Post — Greece, Israel sign over NIS 10b. defense agreement against Turkey, Iran
    2. dw.com — Israel signs €3 billion arms export deal with Greece
    3. AP News — Israel and Greece sign a multi-billion-dollar weapons deal, the largest between the countries
    4. Reuters — Israel signs $3.5 billion air defence deal with Greece
    5. Al Jazeera — Why has Greece signed a $3.5bn missile deal with Israel?
    6. The New York Times — Israel and Greece Reach $3.5 Billion Defense Deal
    7. www.briefs.co — MediaTek Shares Jump After Nvidia Backs $3.5 Billion Convertible Bonds
    8. www.tribuneindia.com — Israel, Greece sign $3.5-billion arms deal
    9. www.briefs.co — Bitcoin ETFs See $3.5 Billion Rebound as Buyers Tiptoe Back
    confidence 100%
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