Greece is expected to sign a deal with Israel on Monday to buy a multi-layer air defense system worth about €3 billion ($3.5 billion) as part of a broader military modernization program, two security sources told Reuters.
The country’s security council has given initial approval to the deal, which includes advanced short, medium and long-range missile systems.
“Greek officials later on Monday will sign four agreements with Israeli SIBAT and MAFAT directorates in Tel Aviv worth about €3 billion for three types of missiles and radar systems,” one of the officials told Reuters.
Greece plans to spend about €28 billion by 2036 to build the “Achilles Shield” multi-layer anti-ballistic, anti-aircraft and anti-drone system, and to buy up to 40 F-35 fighter jets from the US and frigates from France and Italy.
The source added that a separate agreement for an anti-drone system would also be signed.
