Greece is set to sign a 3.1 billion euro ($3.6 billion) defense agreement with Israel on Monday in Tel Aviv, in a major deal that will provide Athens with its first integrated, multilayered air defense network.
The agreement, negotiated over three years, covers the acquisition and deployment of several Israeli-made air defense systems. The systems will be delivered to the Greek armed forces in stages and are expected to become fully operational within 35 months.
Greek participation in the production and installation process is expected to account for about 25% of the project, with Greek companies receiving an estimated 700 million euros of the total contract value as subcontractors to the Israeli defense firms involved.
A Greek delegation will sign the agreement with Israel’s Defense Ministry.
According to Israeli reports, most of the funding will go to Rafael Advanced Defense Systems, which will supply David’s Sling systems designed to intercept heavy rockets and ballistic missiles, as well as mobile Spyder systems designed to counter drones and other unmanned aerial vehicles.
