Greece to Sign $3.5 Billion Air Defence Deal with Israel as Part of Military Upgrade
Major Defence Agreement and Military Modernisation Efforts
Overview of the Air Defence Deal
ATHENS, Aug 31 (Reuters) - Greece is expected to sign a deal with Israel on Monday to buy a multi-layer air defence system worth about €3 billion ($3.5 billion) as part of a broader military modernisation programme, 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.
Details of the Agreement
"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.
Additional Defence Acquisitions
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 U.S. and frigates from France and Italy.
The source added that a separate agreement for an anti-drone system would also be signed.
Greece's Defence Posture and International Partnerships
Greece, which uses U.S.-made Patriot systems, Russian S-300 systems and various short-range air defences to protect its airspace, spends nearly 3.5% of its gross domestic product on defence, a higher proportion than many NATO allies due to its long-standing dispute with neighbouring Turkey.
Cooperation with Israel
Greece and Israel, which have strong economic and diplomatic ties, operate an air training centre in Greece, hold joint annual military exercises and cooperate on anti-drone systems and cybersecurity.
Last year, Athens bought 36 Israeli-made rocket artillery systems for about €650 million.
Currency Exchange Rate
($1 = 0.8634 euros)
(Reporting by Lefteris Papadimas. Editing by Mark Potter)
