Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking and Finance Review - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Greece in talks to buy anti-aircraft, artillery systems from Israel
    Headlines

    Greece in talks to buy anti-aircraft, artillery systems from Israel

    Published by Global Banking and Finance Review

    Posted on November 14, 2025

    2 min read

    Last updated: January 21, 2026

    Greece in talks to buy anti-aircraft, artillery systems from Israel - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    Greece is in talks with Israel to acquire advanced missile systems as part of its defense modernization, focusing on the Achilles Shield project.

    Greece Negotiates Purchase of Advanced Missile Systems from Israel

    ATHENS (Reuters) -Greece is in talks with Israel to buy modern missile systems that would be used for a planned anti-aircraft defence dome, two officials with knowledge of the plan told Reuters.

    Athens has said it will spend about 28 billion euros ($33 billion) by 2036 to modernise its armed forces as it emerges from a 2009-2018 debt crisis and tries to keep pace with its historic rival Turkey.

    About 3 billion euros will be used to create a multi-layer anti-aircraft and anti-drone system, called the "Achilles Shield". It also plans to buy new stealth fighter jets, frigates and submarines from the U.S. and Europe.

    "We want to buy 36 PULS artillery systems and anti-aircraft systems for 'Achilles Shield'. The negotiations with Israel will intensify next month," one of the officials said, adding that Greek companies would provide about 25% of the project.

    The cost of 36 PULS rocket artillery systems, made by Israel's Elbit, is estimated at 650 million euros, the official said, adding that they would be used to protect Greece's eastern borders with Turkey.

    Greece and Israel have strong economic and diplomatic ties. They have launched several joint exercises in recent years and they operate an air training centre in southern Greece.

    A second Greek official confirmed that negotiations were underway.

    Israel's defence ministry did not immediately respond to a request for comment.

    Greece, which also uses U.S.-made Patriot anti-aircraft defence systems, wants to replace its older Russian-made OSA, TOR-M1 and S-300.

    In 2024, Greece expressed an interest in buying anti-aircraft and modern artillery systems from Israel, but Israel's military operations in Gaza postponed the discussions, the second official said.

    ($1 = 0.8575 euros)

    (Reporting by Lefteris Papadimas. Additional reporting by Magid Pesha. Editing by Mark Potter)

    Key Takeaways

    • •Greece is negotiating with Israel to buy advanced missile systems.
    • •The purchase is part of Greece's defense modernization plan.
    • •The Achilles Shield project aims to enhance anti-aircraft capabilities.
    • •Greece plans to replace older Russian-made defense systems.
    • •Negotiations with Israel will intensify next month.

    Frequently Asked Questions about Greece in talks to buy anti-aircraft, artillery systems from Israel

    1What are anti-aircraft systems?

    Anti-aircraft systems are military weapons designed to defend against aircraft attacks, typically using missiles or artillery to intercept and destroy enemy aircraft.

    2What is a stealth fighter jet?

    A stealth fighter jet is a military aircraft designed to avoid detection by radar and other sensors, enhancing its survivability and effectiveness in combat.

    3What is a multi-layer anti-aircraft system?

    A multi-layer anti-aircraft system consists of various defense layers that work together to provide comprehensive protection against aerial threats, including drones and missiles.

    More from Headlines

    Explore more articles in the Headlines category

    Image for UK wants closer EU defence ties with potential bid to join new SAFE fund
    UK wants closer EU defence ties with potential bid to join new SAFE fund
    Image for Czechs rally to support president in his growing rift with government
    Czechs rally to support president in his growing rift with government
    Image for Portugal launches $3 billion package to help rebuild after storm Kristin
    Portugal launches $3 billion package to help rebuild after storm Kristin
    Image for Russian drone strike kills 12 miners in Ukraine's Dnipropetrovsk, officials say
    Russian drone strike kills 12 miners in Ukraine's Dnipropetrovsk, officials say
    Image for Death toll of Swiss New Year bar blaze rises to 41
    Death toll of Swiss New Year bar blaze rises to 41
    Image for Iranian official says Revolutionary Guards have no plan to hold military exercises in the Gulf
    Iranian official says Revolutionary Guards have no plan to hold military exercises in the Gulf
    Image for Pope Leo urges US and Cuba to engage in sincere dialogue
    Pope Leo urges US and Cuba to engage in sincere dialogue
    Image for Factbox-Who is the Baloch Liberation Army behind Pakistan's Balochistan attacks?
    Factbox-Who is the Baloch Liberation Army behind Pakistan's Balochistan attacks?
    Image for Olympics - Pope Leo calls for peace initiatives during Milano Cortina Games
    Olympics - Pope Leo calls for peace initiatives during Milano Cortina Games
    Image for Russian drone strike kills 12 miners as Kyiv announces new talks
    Russian drone strike kills 12 miners as Kyiv announces new talks
    Image for Slovakia national security adviser resigns over Epstein files, denies wrongdoing
    Slovakia national security adviser resigns over Epstein files, denies wrongdoing
    Image for Russia's Medvedev says victory will come soon in Ukraine war
    Russia's Medvedev says victory will come soon in Ukraine war
    View All Headlines Posts
    Previous Headlines PostItaly weighs one-off levy to bring private gold holdings into formal economy
    Next Headlines PostJaguar Land Rover's UK production returns to normal after weeks-long cyber shutdown