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Israel and Greece Sign $3.5 Billion Deal for Missile Defense

Summary by Federal Times
Athens looks to establish the Achilles Shield missile defense capability in a landmark defense agreement with Israel.

31 Articles

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Greece is moving forward in a historic shift in its national defense strategy, turning its airspace into an inaccessible “fortress”. The signing of the Greece-Israel Agreement on the creation of the “Achilles Shield” brings to the Aegean and the Eastern Mediterranean a state-of-the-art, multi-layered anti-aircraft, anti-ballistic and anti-drone protection network, at a total cost of 3.6 billion euros. With this agreement, Athens abandons the doc…

The Israeli Ministry of Defense has responded to the debate that has begun in Greece about the source code of the “Achilles Shield”, clarifying that within the framework of the program, Greek source code will be developed, which will remain under exclusive Greek control. Specifically, in its announcement, the Israeli Ministry of Defense states that “within the framework of the agreement […]

The Israeli Ministry of Defense gave an answer about the source code of the “Achilles Shield”, clarifying that within the framework of the program, a Greek source code will be developed, which will remain under exclusive Greek control. Specifically, in its announcement, the Israeli Ministry of Defense states that “within the framework of the agreement for the “Achilles Shield”, the ministry […] The article “Achilles Shield”: “The source code wil…

Athens, which paid billions of euros to Israel to establish a new air defense line against Türkiye, has encountered a source code crisis. The statement from Israel brought back into the spotlight Defense Minister Dendias's words, "If there is no source code, you will be held hostage," while in Greece, the government was asked to provide an explanation for the 3.035 billion euro "Achilles Shield" project.

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Business Daily broke the news on Tuesday, September 8, 2026.
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