WEDNESDAY, SEPTEMBER 2, 2026|No. 13525
Defense · Geopolitics · Europe

Israel and Greece Sign Landmark $3.5 Billion Defense Agreement

Israel and Greece have finalized a significant $3.5 billion defense deal, known as Achilles Shield, aimed at bolstering air defense capabilities and addressing perceived regional threats.

An Israeli air defense system, symbolizing the new defense agreement.
An Israeli air defense system, symbolizing the new defense agreement.
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Two countries sign $3.5bn weapons agreement.

The Achilles Shield is one of the largest military deals in Israel’s history.

It will see Greece take delivery of a multilayered air defence system to counter what it and Israel say are common threats.

The multibillion-dollar agreement comes as tensions increase between Greece and Turkiye.

The neighbours have been at odds over a range of territorial issues for more than five decades.

Relations between Israel and Turkiye have also deteriorated.

With Israel and Greece strengthening their alliance, what are the ramifications for the region?

Presenter: Tom McRae

Guests:

George Tzogopoulos – senior fellow at the Hellenic Foundation for European and Foreign Policy Alon Liel – former director general of the Israeli Ministry of Foreign Affairs Murat Yesiltas – director of foreign policy research at the SETA Foundation

Published On 1 Sep 2026

PAN's pipeline reviewed approximately 1 open sources for this article. No human editor reviewed this article before publication.

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