Israel’s Elbit reportedly in talks to sell missile systems to Greece

Investing.com -- Greece is negotiating with Israel to purchase modern missile systems for its planned anti-aircraft defense dome, according to a Reuters report on Friday.

Athens plans to spend approximately €28 billion ($33 billion) by 2036 to modernize its armed forces as it recovers from its 2009-2018 debt crisis and works to maintain military parity with Turkey, its historic rival.

About €3 billion of this budget will be allocated to creating a multi-layer anti-aircraft and anti-drone system called the "Achilles Shield." Greece also intends to acquire new stealth fighter jets, frigates, and submarines from the United States and Europe.

"We want to buy 36 PULS artillery systems and anti-aircraft systems for ’Achilles Shield’. The negotiations with Israel will intensify next month," an official said. Greek companies are expected to contribute approximately 25% to the project.

The 36 PULS rocket artillery systems, manufactured by Israel’s Elbit, are estimated to cost €650 million. Officials indicated these systems would be deployed to protect Greece’s eastern borders with Turkey.

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