Greece's government approved on Thursday a €4.2 billion armed forces investment plan anchored by the acquisition of Israel's "Achilles Shield" air and missile defence system, valued at roughly €2.8 billion. The Government Council for Foreign Affairs and Defence, chaired by Prime Minister Kyriakos Mitsotakis, greenlit the package on 23 July.
The broader spending bill also covers C-390 Millennium transport aircraft, Heron drones, Apache helicopter missiles, Victa stealth vessels and frigate sonar systems, with the first C-390 expected for delivery in 2027. Greek defence subcontractors are slated to receive €700 million in work tied to the air-defence dome.
Greece is among four NATO members spending more than 3% of GDP on defence. Mitsotakis announced in 2025 a €25 billion, 12-year military modernisation programme, which also includes an order for 20 US-made F-35 fighter jets.