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Israel secures record arms deal in Greece
Israel and Greece have concluded a defense agreement valued at approximately 3.035 billion euros to establish a multi-layered missile and air defense system in Greece, as part of the "Aegis Shield" project aimed at strengthening Greece's air and missile defense network, according to Greek and Israeli military updates. The systems include the deployment of Iron Dome, Spider, and Barak MX systems, along with advanced radar arrays and a national command and control system. This effort is designed to enhance Greece's capabilities to counter a wide range of threats, including ballistic missiles, aircraft, and drones. The deal emphasizes technology transfer and the involvement of the Greek industrial sector with more than 25% participation, as well as strengthening long-term defense partnerships. It also includes plans to establish a production and export base. This agreement is part of Greece’s broader strategy to modernize its armed forces, and it is one of the largest defense deals in the history of Israel-Greece relations. The arrangement comes amid regional tensions in the Eastern Mediterranean and aims to deepen military cooperation between the two countries.
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