Israel and Greece have signed an arms export deal worth around €3 billion, a package that Israel says will help build a new multi-layered air-defense network for the Greek military.

The Israeli Defense Ministry said the agreement was signed on Monday at its headquarters in Tel Aviv by Director General Amir Baram and his Greek counterpart, Ioannis Bouras. According to the ministry, Israel will build Greece a comprehensive air-defense array based entirely on Israeli-made systems. The package is being described as the "Achilles Shield" project.

The systems mentioned in the report include David's Sling, SPYDER and Barak MX. The ministry said the deal draws on operational experience Israel's defense establishment gained during the war, although the source did not spell out which conflict that reference was meant to evoke beyond what DW described as a seeming reference to the war with Iran.

The announcement matters not only because of its scale, but because it fits into a wider Greek military modernization plan. Reuters, as cited by DW, reported that Greece is planning to spend about €28 billion by 2036 on broader defense upgrades. That includes fighter-jet purchases from the United States and warships from France and Italy.

DW reported that Greece already operates a mixed air-defense inventory that includes U.S.-made Patriot missiles, Russian S-300 systems and other shorter-range defenses. The country has also been adjusting its air-defense posture amid regional tensions and its longstanding disputes with Turkey over territory, maritime boundaries and air sovereignty in the Aegean Sea and eastern Mediterranean.

The two countries have maintained close defense ties for years. According to the report, Israel and Greece have been negotiating the deal for around three years and already cooperate on annual military exercises, anti-drone systems, cybersecurity and an air training center in Greece. The ministry called the agreement the largest defense export deal in the history of Israel-Greece relations and one of the largest in Israel's history.

The scale of the agreement suggests a practical and political shift for both sides. For Greece, it signals another step in a long modernization cycle that stretches far beyond a single air-defense purchase. For Israel, it represents a major export win for its domestic defense industry and a visible extension of its battlefield-tested systems into another European security environment.

At the same time, the deal lands in a region where military buying decisions are inseparable from wider strategic anxiety. Greece has recently moved a Patriot system to Crete, according to the report, and that island hosts a large U.S. base at Souda. The report also noted that Iranian threats during the broader regional war helped shape current security calculations.

The available evidence does not show the full contract text, delivery schedule or exact deployment plan. It does show that both governments are treating the agreement as a serious, long-term defense partnership, not a symbolic announcement.

In that sense, the deal is less a single arms sale than the next phase of a broader military relationship. It ties Greece's modernization plans to Israeli air-defense technology and adds a new layer to security cooperation in a region already defined by overlapping rivalries.

QikTimes Desk