Greek Defence Spends Billions On Cyber, Navy and Aerospace.

Greek Defence Spends Billions On Cyber, Navy and Aerospace.

November 9, 2021
Procurement

In early September, Greek Prime Minister Kyriakos Mitsotakis outlined major defence procurement plans as a way to overhaul its loss-making Greek defence industry and boost the country’s defence capabilities.

These procurement plans include a bid for new fighter aircraft, warships, and advanced weapons over the next 5 years. The French Government bid was successful in bidding for the supply of combat aircraft and frigates.

The announcement follows a meeting in May, where Israel and Greece signed a record defence deal,  including a $1.65bn (USD) contract for the establishment and operation of a training centre for the Greek air force.

Mitsotakis’ announcement included the news that the Hellenic Navy will launch a bid to acquire four multipurpose frigates, while the four MEKO 200HN frigates in service will be upgraded. A letter of intent has just been signed for the provision of two frigates by the Dutch Defence Materiel Organisation.

There are plans for the armed forces’ arsenal to be improved too, with anti-armour weapons for the army, heavyweight torpedoes for the navy, and guided weapons for the HAF. There will also be investments in information security against cyber attacks.

These significant strategic moves include investors taking over Skaramangas Shipyards after a tender in July. A previous tender for the shipyards last year was inconclusive. The Hellenic Vehicle Industries (ELVO SA) will be privatised and the Hellenic Aerospace Industries (HAI) will be reorganised to become a centre for aircraft maintenance and repairs.

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