Μake us preferred on Google Israel and Greece have signed a major agreement for the development of Greece’s new “Achilles Shield,” a multilayered system designed to provide protection against aircraft, drones and ballistic threats.
The agreement was finalized in Tel Aviv on August 31 after nearly three years of negotiations, paving the way for the immediate implementation of the defense program.
The project has a total cost of €3.035 billion, with Greece’s domestic defense and technology industry set to play a key role.
Nineteen Greek companies are already involved in the program, securing a participation share of more than 25%, worth more than €750 million. The agreement also lays the groundwork for the creation of a production facility in Greece, with prospects for exports.
Netanyahu links deal to Greece-Cyprus alliance
On Monday, Israeli Prime Minister Benjamin Netanyahu highlighted the significance of the agreement, describing it as one of the largest in Israel’s history.
“The security agreement signed today with Greece — one of the largest in the history of the country — is a direct continuation of the Eastern Mediterranean alliance that we forged a decade ago with Greece and Cyprus,” Netanyahu said.
He added that the agreement was further evidence of the capabilities of Israel’s defense and technology industries.
“This is another demonstration of the tremendous capabilities of Israel’s defense and technology industries. This move expresses Israel’s strength, confidence in our defense exports and the strengthening of regional alliances,” Netanyahu said.
