Arms procurement from Israel (Rafael/IAI), ~€3B
Contract or deal
On 31 August 2026 Israel and Greece signed the "Achilles Shield" deal, worth about €3B. Israel's Ministry of Defense calls it the largest arms export deal in the history of Israel–Greece relations and one of the largest in Israel's history. Rafael will supply David's Sling, SPYDER and a national command-and-control system; Israel Aerospace Industries will supply Barak MX; and its ELTA unit will supply MMR radars. A separate €26M deal covers Rafael Drone Dome systems. No delivery schedule was published. The ministry said the array draws "on the extensive operational experience Israel's military establishment has gained during the war", and that "operational successes of Israeli systems on the battlefield continue to reinforce global demand". The deal was signed almost a year after the UN Commission of Inquiry concluded that Israel had committed genocide in Gaza.
● confirmed by a primary document · ○ reported
The BARAK MX system, manufactured by Israel Aerospace Industries (IAI)
The David's Sling system, developed by the Israeli Missile Defense Organization within the Ministry's DDR&D
The SPYDER system, manufactured by Rafael Advanced Defense Systems
Greece is formally acquiring the Precise and Universal Launching System (PULS) rocket artillery system in a $750 million agreement ... The deal includes the launchers as well as training rockets, precision-guided rockets and loitering munitions.
the largest defense export deal in the history of Israel-Greece relations, and one of the largest in the history of the State of Israel.
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