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Greece agrees up to $4 billion US arms deal, sources say

By Thomson Reuters Oct 8, 2026 | 8:57 AM

By Lefteris Papadimas

ATHENS, Oct 8 (Reuters) – Greece has agreed to spend up to $4 billion upgrading more of its F-16 fighter jets and buying advanced missiles from ​the US, two senior sources told Reuters on Thursday, ‌a day after a visit by US Secretary of State Marco Rubio.

Greece had already planned to spend about €28 billion by 2036 to buy US made F-35 fighter jets and helicopters, and to build the “Achilles Shield” ‌a ​multi-layer anti-ballistic and anti-aircraft system with ⁠Israeli-made weapons.

“The agreement includes new ⁠advanced missiles and bombs for the F-16 Viper the F-35 fighter jets, and the Black Hawk helicopters. Also the upgrade of old F-16 fighter jets to Viper version,” ​a senior defence Ministry official told Reuters.

The official added that most of the procurements have been included in the ⁠government’s multi year defence plan ⁠and will not put additional pressure to the ​country’s financials.

A senior foreign ministry official confirmed the above, adding that ​the cost will be spread over several years.

Rubio ‌said on Wednesday in Athens that the two NATO allies had agreed on a joint security plan for counterterrorism information sharing between their law enforcement agencies.

Greece agreed to buy 20 ⁠Lockheed Martin F-35 fighter jets and 35 Sikorsky UH-60M Black Hawk helicopters in 2024. Is upgrading about 82 F-16s to Viper version and ⁠wants to upgrade ‌37 more Block 50s to Vipers at ⁠a cost of about $1 billion.

The move is ​part of ‌Greece’s bid to modernise its armed forces ​as it ⁠emerges from the 2009-18 debt crisis that led to years of austerity.

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

(Reporting by Lefteris Papadimas; editing ​by Philippa Fletcher)