Greek defence manufacturer ELVO plans €40 million expansion for drone and military vehicle production
ELVO, owned by Greece's SK Group, plans to invest €40 million in a major expansion of its defence manufacturing operations near Thessaloniki, creating 300 jobs and adding drone and military vehicle production capacity, Defence Industry Europe reported. The investment will modernise existing facilities and establish new production lines.
German defence minister promotes U212 CD submarine to Greek counterpart during Crete visit
German Defence Minister Boris Pistorius met his Greek counterpart Nikos Dendias on Crete during a visit to the SPARTAN ARROW 2026 exercise and discussed the U212 CD submarine programme. Germany is promoting the design for Greece's submarine requirement. No formal offer or timeline was disclosed.
Six Turkish military drones entered Greek airspace over Aegean, Athens says
Greece's Hellenic National Defense General Staff reported that six Turkish military drones flew into Greek-claimed airspace over the Aegean Sea on 10 October. The military also recorded eight infringements of air traffic rules inside the Athens Flight Information Region and five violations of Greek national airspace. The incidents are the latest in a series of near-daily occurrences this month.
Greece and Italy sign agreement for two Bergamini-class FREMM frigates, transfers in 2028 and 2029
Greece and Italy finalized an intergovernmental agreement activating the Hellenic Navy's acquisition of two Bergamini-class FREMM frigates from Italian service, with transfers scheduled for 2028 and 2029. The ships will undergo refits before handover. No financial terms were disclosed.
Greece signs €3 billion Achilles Shield air-defence agreement with Israel
Israel and Greece signed a €3 billion defense agreement Monday under which Israel will deliver a multi-layered air-defence array called Achilles Shield. The system integrates David's Sling medium-to-long-range interceptors, Barak MX naval and land-based air defense, and Spyder short-range launchers, alongside Israeli radars and command infrastructure. Israel's Ministry of Defense called it the largest defense export deal in the history of bilateral relations with Greece.
Why it matters: Greece is locking in interoperability with Israeli systems at a scale that reshapes the Eastern Mediterranean's air-defense architecture — and signals continued Greek willingness to deepen defense ties with Israel even as Turkey watches.
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