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.

Greece spends nearly 3.5% of its gross domestic product on defence, a higher proportion than many NATO allies due to its long-standing dispute with neighbouring Turkey.

Under the deal, Israel will supply Greece with the David’s Sling and SPYDER systems produced by Rafael Advanced Defense Systems and the BARAK MX system made ​by Israel Aerospace Industries, as well as MMR multi-mission radars for air surveillance, ​manufactured by IAI unit ELTA Systems.

second customer after Finland

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