Greece and Israel are set to sign agreements on Monday in Tel Aviv for the country’s integrated, multi-layered air defence and missile protection system “Achilles’ Shield”, worth 3 billion euro.
According to confirmed information, following a report by Greek daily Kathimerini, the agreements will be signed between the General Directorate for Defence Investments and Armaments of the Greek Ministry of National Defence and the Israeli Ministry of Defence’s Directorate of International Defence Cooperation (SIBAT), as well as corresponding Israeli defence bodies and defence companies participating in the programme.
The “Achilles’ Shield” programme was approved by the Greek Government Council for Foreign Affairs and Defence (KYSEA) on Thursday, July 23, 2026.
Defence Minister Nikos Dendias has stated that the total amount for the anti-aircraft systems is just over 3 billion euro, and domestic participation in the program is expected to generate approximately €700 million ($796 million) for Greece’s defense industry.
As for the timeline, Dendias said at the time that “Achilles’ Shield” will be operational within 35 months from today,” explaining that the timeframe refers to completion of the overall programme, as the system will be delivered in stages.
The approvals form a key part of the government’s Agenda 2030 defense strategy, which aims to transform the Armed Forces into a technology-driven military capable of responding to modern threats, Dendias added.
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