Redefining The Hellenic Defence Industry

Industry Insights

HELEXPO 2026: Defence technology takes the stage – Everything we expect to see

The 90th Thessaloniki International Fair (HELEXPO 2026) will take place from 5 to 13 September 2026 at the Thessaloniki International Exhibition & Congress Center, bringing Greece’s defence technology ecosystem into direct contact with military personnel, industry executives, investors and international partners. While the exhibition is wide-ranging, the latest developments in the defence sector imply that […]

Former Ukrainian Defence Minister Mykhailo Fedorov launches defence tech company with Palantir CEO as first investor

Former Ukrainian Defence Minister Mykhailo Fedorov is launching a new defence technology company aimed at turning Ukraine’s battlefield experience with drones, AI and military software into technologies for Ukraine and allied countries. Fedorov announced the venture on September 1, with a video posted on his social media featuring Palantir CEO Alex Karp, who confirmed that […]

HCDI: Greek drones head to the field with two new operational trials for the Navy and Army

The Hellenic Centre for Defence Innovation (HCDI) is planning two new operational trials of unmanned systems, moving Greek technologies from the development stage into military exercise environments. The two calls address different operational requirements of the Hellenic Navy and the Hellenic Army, with interoperability and support for the F2T2EA cycle as common requirements. The first […]

EQT’s Scaleup Europe Fund makes first investment with €1 billion ICEYE funding round

The Scaleup Europe Fund (SEF) has completed its first investment by co-leading a €1 billion funding round for Finnish space technology company ICEYE, marking the operational launch of the European Union-backed investment vehicle aimed at supporting high-growth strategic technology companies. The financing includes €450 million in new capital raised through ICEYE’s Series F round, valuing […]

Greece: KYSEA activates defence procurement programmes – Details revealed from Defence Minister’s briefing

On July 23, 2026, the Minister of National Defence, Nikos Dendias, participated in the meeting of the Government Council for National Security (KYSEA), chaired by Prime Minister Kyriakos Mitsotakis, at the Maximos Mansion. Following the conclusion of the meeting, Mr. Dendias briefed accredited journalists of the Ministry of National Defence on the activation of new […]

METLEN & HOUTRIS launch strategic defence industrial partnership in Cyprus for military vehicles

Exclusive Cooperation Agreement strengthens the industrial partnership between Greece and Cyprus in the defence sector The new joint venture will manufacture land defence systems under the European SAFE programme Tangible industrial footprint and added value for the Cypriot economy   METLEN, through M Technologies, and the Cypriot company HOUTRIS have signed an Exclusive Cooperation Agreement […]

Completion of the first “Ask the Expert” action – Connecting the Hellenic Armed Forces with the defence innovation ecosystem

The Hellenic Centre for Defence Innovation (HCDI/ELKAK) has launched the new “Ask the Expert” series of initiatives, with the first event successfully completed with the support of the Hellenic National Defence General Staff (GEETHA). The initiative aims to create a meaningful connection between operational stakeholders and startups, as well as innovative companies within Greece’s defence […]

Lockheed Martin Ventures: New London office – Aiming for at least $100 million investment in the region

Lockheed Martin is strengthening its presence in the European innovation ecosystem by expanding the activities of its corporate venture capital fund into the UK and continental Europe, with plans to invest at least $100 million in emerging defence technologies. The company announced that Lockheed Martin Ventures, its $1 billion venture capital arm, will establish a […]

NATO Summit 2026: Key-points for the defence industry

The 2026 NATO Summit in Ankara has established a definitive roadmap for translating Allied financial commitments into long-term industrial output. Coming one year after the historic 2025 Summit in The Hague, where member states pledged to invest 5% of their Gross Domestic Product in defence by 2035, the Ankara meeting focused on the immediate execution […]

Greek Space Tech Forum 2026: Defence industry prospects and capabilities

The Greek Space Tech Forum 2026 is currently taking place at the Athens Conservatoire for its second and final day, hosting industry specialists, representatives from European Agencies, institution representatives, academics, analysts, government and military officials, and policymakers. An especially interesting panel discussion took place today between Pantelis Tzortzakis (Chairman of the Board of Directors & […]

European Commission: The first five European Defence Projects of Common Interest have been announced

In a major effort to scale up military readiness and curb fragmentation across the European defence industrial base, the European Commission has formally proposed five large-scale military initiatives. Known as European Defence Projects of Common Interest (EDPCIs), these programs establish a collaborative industrial framework for weapons development and procurement on a scale too complex and […]

Shield AI – EFA GROUP: AI-powered autonomous systems in Greece

A new strategic partnership agreement was signed at Eurosatory 2026 in Paris between Greece’s EFA GROUP and U.S.-based Shield AI. This collaboration focuses on autonomous navigation and AI-powered unmanned systems, aiming to strengthen Greece’s R&D capabilities. What the agreement includes The two companies will jointly work on developing and integrating AI pilots for unmanned platforms. […]

Anduril is pushing U.S. to reset restrictions on arms export control

Anduril Industries CEO Brian Schimpf is urging the U.S. government to rethink current arms export controls, as they are outdated in relation to modern warfare. The military technology company’s CEO argued that allied nations should be allowed to manufacture U.S.-designed weapons locally after purchasing them. Why is Anduril pushing for change? U.S. exports are governed […]

Norwegian investors launch €80 million Gardar fund to support Ukrainian defence technology startups

A new defence-focused investment fund has been launched in Norway with the aim of supporting the growth of Ukrainian defence technology companies and accelerating innovation across Europe’s security sector. Named Gardar, the fund has secured €80 million in capital and will invest in defence technology startups ranging from seed-stage ventures to more mature Series B […]

Shield AI: Procurement agreement with Hellenic Army for V-BAT Drones – Plans for Athens Office

The Hellenic Army has signed a new procurement agreement with US defence technology company Shield AI to expand its fleet of V-BAT unmanned aerial systems, strengthening maritime surveillance and intelligence-gathering capabilities across the Aegean Sea. The agreement, announced on June 2, 2026, builds on the Hellenic Army’s existing use of the V-BAT platform for intelligence, […]