[AMNA]
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.
Both major investment projects at HDS in Lavrio were proceeding according to schedule, the announcement said. The Commission’s project officer was briefed on the progress of the projects, which include the LAVGRAIN project for the installation of a production unit for base bleed grain for 155mm artillery ammunition, and the TNTrion program for the modernization and return to operation of a TNT production unit.
Financing agreements were signed with the European Commission in July and advances were received in August. The projects have a tight deadline, the announcement said, as the European Commission wants the European ammunition industry to recover as quickly as possible.