Greece will announce a 12-year, €28 billion defense modernization plan on March 4, Defense Minister Nikos Dendias confirmed.
The program, spanning 2025-37, emphasizes advanced technology systems to modernize the armed forces and address existing gaps.
Key initiatives include the acquisition of 20 fifth-generation F-35 fighter jets and the ambitious “Achilles’ Shield” project, a comprehensive air, missile and anti-drone defense system.
A sensor network for underwater threat detection is also planned, involving Greek companies under the Greek Defense Innovation Center (ELKAK).
The plan allocates €2-2.5 billion annually for defense, building on €15 billion spent since 2020.
It aligns with US and EU recommendations to increase defense investments, with Brussels considering exemptions for military spending from deficit calculations.
The naval strategy includes constructing a fourth FDI frigate and exploring US Constellation-class frigates, while upgrading MEKO frigates and acquiring new submarines equipped with strategic weaponry.
Challenges for the Air Force include maintaining aging transport aircraft and finalizing the F-16 Viper self-protection system.
However, upgrading 38 F-16 Block 50 jets remains uncertain due to financial constraints.
The Army is advancing drone integration and considering offers for multiple rocket launchers. Despite delays, these upgrades aim to bolster operational capabilities across the Armed Forces in the coming years.