Israel Signs $3.5 Billion Air-Defense Agreement With Greece
Israel has signed a €3 billion ($3.5 billion) agreement with Greece to develop a multilayered air-defense network, marking the largest Israeli defense export deal with Athens and one of the biggest in Israel's history. The contract is expected to significantly boost Israel’s defense industry by securing long-term contracts for local firms involved in missile technology and radar systems. It also strengthens military cooperation between the two countries amid regional security concerns. Greece has been increasing its defense spending due to tensions with Turkey over territorial disputes, making this agreement a strategic move to enhance national security.
