Israel Set to Sign $3.6 Billion Air-Defense Deal With Greece, Its Largest Arms Export on Record

Greece is scheduled to sign a $3.6 billion defence agreement with Israel on Monday in Tel Aviv, a deal Greek officials call "Achilles Shield," according to reporting by Middle East Eye that cites the Jerusalem Post.

If finalized as described, it would be the largest defence export deal in Israel's history.

The project, known in Greece as "Achilles Shield," will become the largest defence export deal in Israel's history, according to Jerusalem Post.

Most of the money is set to go to Rafael Advanced Defense Systems, the Israeli state-linked manufacturer that would supply Greece with David's Sling systems, designed to intercept heavy rockets and ballistic missiles, along with mobile SPYDER systems built to counter drones and unmanned aircraft. Israel Aerospace Industries, another state-tied contractor, is slated to provide the Barak MX system, designed to defend against aircraft and missile threats.

What the record shows

The reported terms name specific companies, specific systems, and a specific dollar figure, but the underlying claims trace to a single outlet, the Jerusalem Post, relayed by Middle East Eye. No contract text, defense ministry statement, or procurement filing from either government has surfaced publicly at time of writing. The deal's existence and scale should be read as reported, not yet confirmed by primary documentation.

What is established independent of this single deal: Rafael and Israel Aerospace Industries are the same firms that build, maintain, and continually field-adjust Israel's own air and missile defense architecture, the systems that operate over Israeli territory and the occupied Palestinian territories. Their export contracts are not separate from that role. Every sale abroad is underwritten by decades of state investment, testing, and operational use inside Israel's own military posture, including the years of strikes, interceptions, and drone warfare over Gaza and the West Bank that have shaped these systems' engineering.

The money trail

A $3.6 billion contract would mark a significant expansion of Israel's defense-export footprint into a NATO member state, deepening a commercial relationship between Athens and Tel Aviv that also carries diplomatic weight inside the EU and NATO, both of which include member governments that have criticized Israeli conduct in Gaza and the West Bank. Occupation Watch is seeking the underlying contract documents and any Greek parliamentary disclosure of the agreement's terms, financing structure, and delivery timeline.