Official diplomatic statements or credible news reports

Greece in Talks with Israel for €2 Billion ($2.11 Billion) Defense System Amid Military Modernization

Nov 14, 2024, 03:12 PM

Greece is in discussions with Israel to develop a €2 billion ($2.11 billion) anti-aircraft and missile defense system, similar to Israel's Iron Dome. This initiative is part of Greece's broader efforts to modernize its military, including the acquisition of F-35 fighter jets, drones, and frigates. The modernization push comes amidst regional tensions with Turkey and Greece's recovery from a prolonged debt crisis. Concurrently, Israel has decided to cancel the sale of F-16 fighters to Turkey and halt exports of chemical products and high-tech equipment to Turkey. Israel's military training for Turkey will also cease, and relations with Cyprus and Greece are expected to improve significantly.