JOINT STATEMENT - Greek Defence Industry Receives Major Boost Through Production of Advanced Drone Technologies in Greece
Retrieved on:
Friday, May 12, 2023
EAS, Ministry of Defence, Partnership, Hellenic Defence Systems, Paramount Global, IRIX, Greek Armed Forces in the Middle East, Ministry of National Defence (Greece), International Defence Exhibition and Seminar, Research, History, Hawk, Exhibition, Growth, UAV, R, Arms industry, Paramount, New Partnership for Africa's Development
ATHENS, Greece, May 12, 2023 /PRNewswire/ -- Greek state defence company, Hellenic Defence Systems (EAS) and Paramount Industries Greece have signed a strategic partnership for the local production of next generation, long-range loitering munitions, in a significant move to embolden the Greek defence industry's indigenous manufacturing capabilities.
Key Points:
- The joint statement, made on the first day of the Defence Exhibition in Athens (DEFEA 2023), comes at a time when the Greek industry is re-developing and enhancing its indigenous defence and aerospace capabilities.
- The Hellenic Ministry of Finance is the main shareholder and the company is supervised by the Ministry of National Defence.
- Nikolaos Kostopoulos, CEO of Hellenic Defence Systems (EAS) stated, "We are very excited to be going into production, in Greece, with one of the world's most advanced long-range loitering munitions.
- This is a light house project for the redevelopment and enhancement of the Greek defence industry, which we are immensely proud of."