Greece has signed a €3.1 billion investment agreement to acquire air defense technology from Israel. The agreement also includes plans to procure the medium- and long-range David’s Sling system.
Greek Defense Minister Nikos Dendias described the agreement as a development that would take his country into “a new reality.” States have the right to defend themselves against potential attacks, while protection against missiles, fighter jets and unmanned aerial vehicles is essential.
The Achilles Shield project expands
The agreement forms part of the previously launched Achilles Shield air defense project. The project’s total budget is €4.2 billion, with a significant portion of that funding set to go to Israel under the latest agreement.
Israel’s inclusion of Greece in the project could have regional and political consequences. The defense agreement comes as Israel continues to face serious international accusations over its actions in Palestine and could be intended to divert public attention elsewhere.
Israel’s actions toward Lebanon have also contributed to regional instability. The agreement with Greece could therefore be part of a policy that deepens divisions among European and NATO countries.
The Finland and US connection
Finland is expected to begin using the David’s Sling system in 2027. If other NATO members follow Greece and Finland in turning to Israeli-made air defense technology, this could help Israel present itself as a partner that promotes peace.
The agreement could not have been concluded without US approval. Washington has a say in the transfer of intellectual property related to the technology involved.
The purchase of defense technology from Israel by NATO members remains politically and legally contentious while proceedings at the International Court of Justice continue. Other countries also produce air defense systems, and NATO members should reconsider such agreements.
The deal’s economic dimension
Only 25% of the €3.1 billion investment will return to the Greek economy through the involvement of Greek companies in production. The agreement therefore does not represent a fully mutually beneficial model for Greece.
Greece could instead focus on creating jobs at home rather than on contested perceptions of threats. The agreement to purchase 36 Israeli-made rocket artillery systems for $740 million last year should also be assessed alongside the new defense partnership.
Israel may be seeking to influence public perceptions of Türkiye by exporting technology to Greece. This assessment has not been supported by any independent verification or official statement.
