Israel signs $3.5 billion air defence deal with Greece

AI Summary

Israel and Greece signed a $3.5 billion defense deal for Israel to construct a multi-layered air defense system for Greece, marking Israel’s largest defense export to Greece. This deal supports Greece’s extensive military modernization efforts.

By Steven Scheer and Lefteris Papadimas JERUSALEM/ATHENS, Aug 31 (Reuters) - Israel and Greece signed a €3 billion ($3.5 billion) defence deal on Monday under which Israel will build a multi-layered air defence system for Greece as Athens pushes ahead with a broader military modernisation programme. Israel's defence ministry said it was Israel's largest-ever defence export deal with Greece and one of the biggest in the country's history. The agreement confirmed an earlier Reuters report.