Israel and Greece sign $3.5 billion defence agreement

Two governments concluded a $3.5 billion weapons agreement on Thursday, formalising a new phase of defence cooperation between the two nations. The pact, signed at a bilateral ceremony, commits the supplier country to deliver a range of military hardware and related services to the purchaser, marking one of the largest arms transactions between them in recent years.

The agreement is slated to enhance the buyer’s operational capabilities and is expected to generate significant economic activity for the supplier’s defence sector. Both parties indicated that the deal will be implemented over several years, with deliveries scheduled according to mutually agreed timelines. The signing underscores a strategic partnership aimed at strengthening regional security and deepening long‑standing diplomatic ties.