Miltech Hellas
Miltech Hellas is a Greek defense technology company founded in 1997 that designs and manufactures electro-optical sensors, thermal imagers, UAVs, loitering munitions, and hybrid power systems for the Hellenic Armed Forces, Hellenic Navy, NATO, and international defense prime contractors.
- Company typePrivate
- Founded1997
- HeadquartersKoropí, Greece
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Miltech Hellas does
Miltech Hellas is a privately held Greek defense technology company founded in 1997 and headquartered in Koropí (Greater Athens area). The company designs, manufactures, and integrates electro-optical sensors, thermal imaging systems, UAV platforms, loitering munitions, hybrid power and climate control systems, and avionics for military and government security customers. Its proprietary product portfolio includes the MLT-LMS-Z5 AI-enabled loitering munition (demonstrated at Hellenic Armed Forces exercise 'Aisios Oionos 2025' in November 2025), the MLT-MGBL-SD200LR multi-sensor stabilized electro-optical gimbal with AI/ML ISR motion recognition, the MLT-IRB-170C cooled thermal binocular with ±0.5m laser rangefinder accuracy at 32KM, and AETHER VTOL fixed-wing UAVs with 8+ hour endurance. The company serves the Hellenic Navy, Hellenic Coast Guard, Hellenic Armed Forces, NATO JWC/JFC Naples/NRDC-GR, and major defense prime contractors including KNDS France, MBDA, IAI, and Arquus/Hornet, operating as both prime contractor and Tier-1 subcontractor in programs such as VBCI Philoctetes (Greek Army IFV) and FDI HN frigates. Miltech generates revenue through four streams: defense hardware sales (electro-optical systems, thermal imagers, UAVs, power systems, avionics), R&D contracts (including IR stealth materials with MBDA and University of Patras), system integration services (build-to-print and build-to-spec), and CAX (Computer-Assisted Exercise) support services for NATO exercises with 14 specialized operators. Go-to-market is enterprise field sales via direct engagement with defense ministries, military delegations, and prime contractors, complemented by participation in major international defense exhibitions. The company is ISO-certified and has approximately 200 employees, having doubled headcount over three years with a target of approximately 500 by 2030.
Miltech Hellas firmographics
Firmographics- Name
- Miltech Hellas
- Legal name
- Miltech Hellas A.E.
- Website
- https://miltech.gr
- Company type
- Private
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Miltech Hellas is a Greek defense technology company founded in 1997 that designs and manufactures electro-optical sensors, thermal imagers, UAVs, loitering munitions, and hybrid power systems for the Hellenic Armed Forces, Hellenic Navy, NATO, and international defense prime contractors.
- Ownership category
- akta.pro rank
Miltech Hellas industry classification
Industry- Product category
- Defense Electronics & Electro-Optical Systems
- NAICS
- Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), Guided Missile and Space Vehicle Manufacturing (336414), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451)
- SIC
- Search, Detection, Navagation, Guidance, Aeronautical Sys (3812), Guided Missiles & Space Vehicles & Parts (3760), Industrial Instruments For Measurement, Display, And Control (3823)
- akta.pro primary industry
- Military Power Supplies, RF/Microwave Components & Ruggedized Electronics (IMABAGAJ)
- akta.pro secondary industries
- Military Avionics, Mission Computers & Flight Controls (IMABAMAE), Guidance, Navigation & Control (GNC) Electronics for Weapons (IMABAGAH)
Keywords
Where Miltech Hellas is headquartered
LocationHeadquarters
- HQ city
- Koropí
- HQ country
- Greece
- HQ region
- Europe
Offices2 records
Markets served
Miltech Hellas business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Technology or R&D, Supply Chain, Operations, Infrastructure, Marketing or Sales
Revenue model
- Defense Systems and Electronics: Sale of electro-optical systems, thermal imagers, UAV platforms, power systems, and avionics to military and defense customers.
- R&D Contracts: R&D contracts for defense technology development, including IR stealth materials development with MBDA and collaboration with universities.
- System Integration Services: Build-to-print and build-to-spec services for defense platforms including subsystem integration, mechanical/electrical integration, and complete system integration.
- CAX (Computer-Assisted Exercise) Support: CAX support services including 14 specialized CAX operators providing services globally for NATO exercises.
Go-to-market motion3 records
Distribution channels3 records
Marketing channels4 records
Miltech Hellas product offering
Product offeringCore offering
Miltech Hellas manufactures and supplies electro-optical sensors, cooled thermal imaging systems, AI-enabled loitering munitions, VTOL fixed-wing UAV platforms, multi-sensor gimbals and binoculars, naval surveillance payloads, hybrid air-conditioning and tactical energy systems, and avionics components for military and homeland security customers. The company complements its hardware portfolio with build-to-print, build-to-spec, and system integration engineering services, as well as CAX exercise support for NATO forces.
Differentiator
Problem solved
Functional benefit
Brands
- MILTECH: Primary brand identity for the company's defense and commercial applications including electro-optical systems, thermal imaging, UAVs, avionics, and tactical energy solutions.
Products and services
- MLT-LMS-Z5 Loitering Munition System AI-enabled smart loitering munition with a 5kg payload, range over 70km, jam-resistant GPS plus Visual and Inertial Navigation Systems, autonomous target detection/recognition/engagement, capable of striking moving targets up to 60 km/h and operated in swarms of 3–5 by a single operator.
- MLT-MGBL-SD200LR Multi-sensor Electro-optical System Multi-sensor electro-optical gimbal integrating a cooled MWIR imager, FHD day camera, 32km laser rangefinder, AI/ML ISR motion recognition, and multi-axial gyroscopic stabilization for long-range surveillance and fire control.
- MLT-IRB-170C Cooled Multi-Sensor Binocular Lightweight portable cooled thermal binocular integrating GPS, IMU, 32km laser rangefinder, digital magnetic compass, and HD daytime camera, with advanced targeting algorithms and ±0.5m accuracy up to 32km.
- AETHER VTOL Fixed-Wing UAV System Vertical take-off and landing fixed-wing UAV combining VTOL flexibility with fixed-wing endurance; AETHER-300 delivers over 8 hours of endurance via an 11.5 hp thermal propulsion engine, with AI-powered automatic target detection, validation, and tracking.
- MLT-SUR-200RTM Naval Electro-optical Surveillance System Electro-optical surveillance payload installed on four Hellenic Navy Island-class patrol boats for naval surveillance and border security missions.
- MLT-TD800 Maritime Electro-optical Surveillance System Electro-optical surveillance system delivered as part of three long-range ground surveillance stations for the Hellenic Coast Guard for Northern Aegean maritime traffic oversight.
- MLT-HAC-12KW Hybrid Air-Conditioning & Power System 12kW hybrid AC unit operating 2–4 hours autonomously, drawing from diesel engine, hydrogen fuel cell, methanol fuel cell, solar PV, wind generator, or grid power sources for field-expeditionary climate control.
- MLT-VAC-40Se Armored Vehicle Climate Control System Hybrid air-conditioning system for BMP-3 armored vehicles maintaining 22–25°C cabin temperatures at 58°C ambient, powered through a low-voltage APU.
- Build to Print Manufacturing Contract manufacturing service covering electro-mechanical assemblies and testing, cables and harnesses assembly and testing, consoles, cabinets and racks, PCB assembly, CNC machined parts, and aerostructure assemblies to customer-supplied designs.
- Build to Spec Engineering Specification-driven engineering and product design service including power supply design and mixed-signal electronics for defense and aerospace applications.
- System Integration Services Build-to-print and build-to-spec subsystem integration, mechanical and electrical integration, and complete system integration for defense platforms delivered to military customers.
- CAX (Computer-Assisted Exercise) Support Services Specialized exercise support delivering 14 CAX operators with military background and M&S CoE Rome certification to NATO exercises at JWC Stavanger, JFC Naples, and NRDC/GR.
Quantifiable outcome
- MLT-LMS-Z5 can strike targets moving up to 60KM/h with autonomous target lock
- +2 more outcomes
Companies that use Miltech Hellas
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles3 records
Miltech Hellas technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability7 records
Feature6 records
Miltech Hellas partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core and minor.
- Hellenic NavycoreMoU signed April 2, 2026 at Hellenic Navy General Staff between Hellenic Navy and Miltech Hellas S.A., signed by Chairman Christos Choumpavlis and Chief of Hellenic Navy General Staff Rear Admiral Konstantinos Kontogiannakos HN, in presence of Chief of Hellenic Navy Vice Admiral Dimitrios-Eleftherios Kattaras HN. Focus on development and application of cutting-edge technologies in naval and aeronautical operations.
- MBDAcoreMoU signed February 6 for development of AKERON MP launch kits for light automatic weapon turrets, enhancing Greek armed forces readiness globally. Part of MBDA R&D Booster program under France-Greece 2021 strategic cooperation agreement.
- ALTUSminorALTUS partnered with MBDA to evolve tactical drone capabilities by integrating AKERON MP missiles into ATLAS 8 HEAVY LIFTER unmanned aircraft, positioning Greece as leader in UAV technology.
- MBDAcoreR&D contract for IR stealth materials development signed October 18, 2022, in cooperation with University of Patras. Project supports FDI HN frigates program and promotes European defense industrial autonomy. MILTECH contributes IR stealth expertise while University of Patras provides nanosaterials and photonics technology.
- Hornet (Arquus subsidiary)coreMoU signed for cooperation on Remote-Controlled Weapon Stations (RCWS) to meet Greek Armed Forces defense needs. Covers sales and marketing, technical development and support, product certification, manufacturing (CKD/SKD assembly, licensing agreements), and post-sale services including technical assistance and training.
- KNDS FrancecoreKey partner in VBCI Philoctetes program for development and production of next-generation 8x8 Infantry Fighting Vehicle (IFV) for Greek Army. MILTECH supplies advanced electronic systems and subsystems. Includes technology transfer and local production of critical vehicle systems.
- METLEN Energy & MetalsminorGreek partner in VBCI Philoctetes program contributing to armored vehicle development for Greek Army.
- Intracom DefenseminorGreek partner in VBCI Philoctetes program contributing to armored vehicle development.
- Όμιλος Εταιρειών Σαρακάκη (Saracakis Group)minorGreek partner in VBCI Philoctetes program contributing to armored vehicle development.
- University of PatrasminorScientific partner in IR stealth materials R&D project with MBDA, providing expertise in nanosaterials and photonics technologies.
- NATO Joint Warfare Centre (JWC)coreCAX support contract providing 14 specialized CAX operators for NATO exercises at JWC Stavanger, JFC Naples (Naples Vision 2013), and NRDC/GR Thessaloniki (Gordian Knot 2014). Team members have military background and M&S CoE Rome certification.
- Hellenic Naval War College (ΣΔΙΕΠΝ)minorMarch 24, 2026 visit by officers and cadets to Miltech facilities. Company presented defense solutions, discussed operational capabilities, and exchanged ideas with next generation of naval leaders. Reinforces commitment to collaboration, knowledge-sharing, and building long-term partnerships.
- Israel Aerospace Industries (IAI)coreAgreement for collaboration on Greece's new air defense dome. Strategic cooperation for advanced air defense systems.
- United Arab Emirates Defense AttacheminorJune 17, 2021 visit by Brigadier General Jassim Shurafa, UAE Defense Attache to Greece, to Miltech Hellas facilities. Briefed on company mission and R&D cooperation opportunities.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Miltech Hellas competitors and assessment
Company assessmentDirect peers
- Teledyne FLIR Defense: Global leader in cooled and uncooled thermal imaging cameras, multi-sensor gimbals and EO/IR payloads for surveillance, reconnaissance and strike applications. Direct competitor in thermal imagers, gimbals and EO payloads.
- Theon Sensors: Greek manufacturer of night vision and thermal imaging devices for military and security users. Closest Greek peer to Miltech's EO/IR thermal imaging and binocular product line.
- Intracom Defense: Greek defense electronics company supplying military communications, electronic warfare, and integrated systems to Hellenic and NATO customers. Direct domestic peer sharing the same Greek prime and subcontractor relationships.
- HENSOLDT: German defense-electronics specialist in sensors, optronics, radar and electronic warfare for military platforms. Closest large-scale European peer to Miltech's EO/IR, surveillance and platform-electronics franchise.
- UVision Air Ltd. Israeli specialist in loitering munition systems (Hero family) for tactical strike. Closest pure-play competitor to Miltech's MLT-LMS-Z5 in the emerging AI-enabled loitering munition category.
Broad incumbents
- Israel Aerospace Industries (IAI): Israeli state-owned defense prime active in UAVs, EO payloads, loitering munitions, naval and air defense systems. Currently a Miltech partner in the Greek air-defense dome initiative; comparable product portfolio at much greater scale.
- Thales Group: French defense and aerospace prime with major optronics, missile electronics, naval and air defense businesses. Competitor and potential partner across most of Miltech's product categories.
- Rafael Advanced Defense Systems: Israeli defense prime active in EO/IR (Litening, Reccelite), precision munitions, and tactical loitering systems. Comparable to Miltech's full-stack defense electronics offering at a much larger scale.
- Safran Electronics & Defense: French tier-1 defense prime with significant optronics, navigation, UAV and avionics businesses. Competes with Miltech in EO/IR, navigation and UAV subsystems across European and export tenders.
- Elbit Systems: Israeli diversified defense electronics house covering EO systems, UAVs, loitering munitions (via subsidiaries), and platform electronics. Operates across the same verticals as Miltech but at vastly greater scale and global footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Miltech Hellas social profiles
Digital presenceMiltech Hellas financial estimates
Financial estimateRevenue estimate
Valuation estimate
Miltech Hellas leadership team
Management profileNumber of profiles
Profiles3 records
Miltech Hellas funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Miltech Hellas M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Miltech Hellas
What does Miltech Hellas do?
Miltech Hellas manufactures and supplies electro-optical sensors, cooled thermal imaging systems, AI-enabled loitering munitions, VTOL fixed-wing UAV platforms, multi-sensor gimbals and binoculars, naval surveillance payloads, hybrid air-conditioning and tactical energy systems, and avionics components for military and homeland security customers. The company complements its hardware portfolio with build-to-print, build-to-spec, and system integration engineering services, as well as CAX exercise support for NATO forces.
Is Miltech Hellas a public or private company?
Miltech Hellas is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Miltech Hellas founded?
Miltech Hellas was founded in 1997. It employs 51 to 100 people.
Where is Miltech Hellas based?
Miltech Hellas is headquartered in Koropí, Greece, in the Europe region.
How does Miltech Hellas make money?
Four revenue lines are on record. Defense Systems and Electronics are the primary driver. The others are R&D Contracts, system Integration Services and CAX (Computer-Assisted Exercise) Support.
Who are Miltech Hellas's main competitors?
Direct peers on record are Teledyne FLIR Defense, Theon Sensors, Intracom Defense, HENSOLDT and UVision Air Ltd.. Broad incumbents are Israel Aerospace Industries (IAI), Thales Group, Rafael Advanced Defense Systems, Safran Electronics & Defense and Elbit Systems.
Does Miltech Hellas have an API?
No public API is recorded for Miltech Hellas.
What industry is Miltech Hellas in?
Miltech Hellas's product category is Defense Electronics & Electro-Optical Systems. Its primary akta.pro industry code is IMABAGAJ, Military Power Supplies, RF/Microwave Components & Ruggedized Electronics, with a secondary code of IMABAMAE, Military Avionics, Mission Computers & Flight Controls. Its NAICS code is 334511 and its SIC code is 3812.