Overview

• Prime Minister Kyriakos Mitsotakis announced the €25 billion plan to overhaul Greece's armed forces, marking the most significant transformation in the country's defense history.
• The modernization includes the development of the 'Achilles Shield,' an advanced air defense system addressing anti-missile, anti-aircraft, and anti-drone threats.
• New acquisitions will feature high-tech military technologies such as drones, AI-powered missile systems, unmanned vessels, and a communications satellite.
• The initiative aims to address geopolitical tensions with Turkey, strengthen Greece's role in the Eastern Mediterranean, and align with broader European defense goals.
• The European Commission has granted Greece budgetary flexibility to exclude military spending from EU limits, enabling the plan's ambitious scope while emphasizing domestic defense industry participation.