ATHENS – Greece and Israel are set to sign agreements on August 31 in Tel Aviv for the country’s integrated, multi-layered air defense and missile protection system “Achilles’ Shield” worth € 3 billion.
According to confirmed information, following a report by Kathimerini, the agreements will be signed between the General Directorate for Defense Investments and Armaments of the Greek Ministry of National Defense and the Israeli Ministry of Defense’s Directorate of International Defense Cooperation (SIBAT), as well as corresponding Israeli defense bodies and defense companies participating in the program.
The Achilles’ Shield program was approved by Greece’s Government Council for Foreign Affairs and Defense (KYSEA) July 23, 2026.
Defense Minister Nikos Dendias has stated that “the total amount for the anti-aircraft systems is just over € 3 billion.”
As for the timeline, Dendias said that Achilles’ Shield will be operational within 35 months from today,” explaining that the timeframe refers to completion of the overall program, as the system will be delivered in stages.