What Happened
Achilles' Shield Project Marks Largest Bilateral Contract
Greece and Israel have formally signed a €3 billion defense agreement, described as the largest bilateral contract between the two countries. The Achilles’ Shield project includes the procurement of defense systems from Israeli companies, such as Rafael and Israel Aerospace Industries, and provides for the transfer of know-how and Greek industry participation. The agreement is seen as strategically significant, with Greek Defense Minister Nikos Dendias stating that it is necessary for national survival in the face of regional challenges. The deal was reported by eKathimerini.com.