AeroVironment Inc.

Greece is set to purchase Switchblade drones from the United States to enhance its military capabilities, according to sources cited by Reuters on Wednesday. The Switchblade, manufactured by AeroVironment, Inc., is a compact loitering munition that flies to a target before detonating. This type of drone has gained prominence due to its use by the Ukrainian military against Russian forces.

Greece plans to buy Switchblade drones from the United States to further strengthen its armed forces as it recovers from a decade-long debt crisis, two sources said on Wednesday.

Athens has drafted a multi-billion, 10-year purchasing plan that includes acquiring up to 40 new F-35 fighter jets from the US and three frigates from France.