Hellenic Defense Systems

Hello! So, a few days ago, I wrote to you about the Christmas spirit making its timely appearance (right on cue as we approach the holidays…). It has been felt in political life, suddenly in the media (let’s see how long that lasts), and, as of yesterday, among the MPs of New Democracy. The meeting of K.M.

Hellenic Defense Systems on Tuesday announced that a project officer from the European Commission visited its Lavrio facility, in southeastern Attica, to inspect the progress of projects partly funded by the European Union through the ASAP action, which aims to boost Europe's production base for artillery ammunition.

– Hello there! What a lovely weekend we just had—bright but chilly with the sun showing its teeth, and thankfully no rain (let’s see how long this lasts in November).

Hello, so tomorrow marks “D-Day” for poor Stefanos, as the “priesthood,” as Pen Dalaoura (troll) calls it, along with his lyricist supporter, will decide whether to allow him to be a candidate or not. Now, let me tell you there was a bit of a fuss, as they say, among the anti-Kasselakis crowd.

As part of the moves to strengthen the European defense industry, based on the increased need for defense equipment resulting from the war in Ukraine, Hellenic Defense Systems (EAS) will, sources say, receive €60-80 million in funding from the European Defense Fund to increase production of 155mm projectiles.

The strategic collaboration of Greece's Hellenic Defense Systems (EAS) and Germany's Ηeckler & Koch (ΗΚ) was presented at an event held on Thursday.

Greek Defense Ministry Nikos Panagiotopoulos on Thursday stressed the government's commitment to boosting the country's flagging defense industry.

For a sixth consecutive year, the American-Hellenic Chamber of Commerce is the organizer of the Hellenic Pavilion at the AUSA Annual Meeting & Exposition of Defense Systems, which will take place on October 14-16 at the Walter Washington Convention Center in Washington DC.

The situation for Greece's defense industry seems to be getting worse with every year that passes. This is evident in the 2018 results of Hellenic Defense Systems (EAS).
The company posted turnover of 13.4 million euros and a 150,000-euro loss. The losses would have been much higher had the state firm not received a 19.5-million-euro subsidy to pay debts to suppliers.

In a country that has been in crisis for almost a decade, with companies and households suffering from overtaxation, the state has been supporting eight major public corporations with accumulated losses of 12 billion euros, obligations of 17 billion euros, share capital of 11 billion and annual revenues of just 942 million euros.