Greece and Israel signed a $3.5bn defence deal on Monday that will see Israel build a multi-layered air defence system for Greece underscoring the deepening ties between the two Mediterranean countries.
"This is the largest defense export deal in the history of Israel-Greece relations, and one of the largest in the history of the State of Israel," Israel’s defense ministry wrote in a statement.
Under the agreement, Israel will contribute to an integrated anti-drone, anti-ballistic missile and anti-aircraft air defence system that Greece is developing dubbed Achilles Shield. The system's total price tag is estimated at $28bn with completion expected by 2036.
Greece will purchase Israel's David's Sling and SPYDER systems produced by Rafael Advanced Defense Systems and the Barak MX system made by Israel Aerospace Industries, as well as MMR multi-mission radars for air surveillance, manufactured by IAI unit ELTA Systems.
Greece will be only the second customer for Israel’s David’s Sling after Finland, a fellow Nato member that borders Russia.
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