Name

Hellenic Defense Systems

Legal name

Ελληνικά Αμυντικά Συστήματα Ανώνυμη Βιομηχανική και Εμπορική Εταιρεία

Website

https://eas.gr

Company type

Private

Founded year

1880

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Defense Systems Manufacturing

NAICS

Guided Missile and Space Vehicle Manufacturing (336414), Other Guided Missile and Space Vehicle Parts and Auxiliary Equipment Manufacturing (336419), Guided Missile and Space Vehicle Propulsion Unit and Propulsion Unit Parts Manufacturing (336415), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511)

SIC

Guided Missiles & Space Vehicles & Parts (3760), Ordnance & Accessories, (No Vehicles/Guided Missiles) (3480)

akta.pro primary industry

Tactical & Strategic Missile Systems (IMABAHAB)

akta.pro secondary industries

Rocket Motors, Propellants & Warhead Integration (IMABAHAC), Integrated Air & Missile Defense (IAMD) Systems (IMABAOAD), Air Defense Missiles & Interceptors (IMABAHAD), Turrets, Remote Weapon Stations (RWS) & Armament Integration (IMABAJAI)

Keywords

• Defense systems manufacturing
• Weapons and munitions
• Missile systems production
• Military vehicle modernization
• Demilitarization services

Headquarters

HQ city

Athens

HQ country

Greece

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Defense Procurement Contracts: Government defense procurement contracts for weapons, ammunition, missile systems, and vehicle upgrades supplied to the Hellenic Armed Forces. Revenue generated through direct contractual relationships with the Greek Ministry of Defence and participation in NATO procurement programs.
2. International Defense Exports: Export of defense products to allied nations and NATO member states through international defense procurement channels and bilateral defense agreements.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Hellenic Defense Systems (Ελληνικά Αμυντικά Συστήματα Α.Β.Ε.Ε.) designs, develops, manufactures, and supplies NATO-standard weapons, weapon systems, missile systems, and munitions. It also provides military vehicle upgrade services (including F-16 programs) and demilitarization services to the Hellenic Armed Forces and allied nations. The offering is delivered across four manufacturing facilities in Greece.

Product overview

Hellenic Defense Systems (ΕΑΣ Α.Β.Ε.Ε.) operates as a state-owned defense industrial company with 140 years of history, designing, developing, manufacturing, and supplying NATO-standard weapons, weapon systems, missile systems, and munitions to the Greek Armed Forces. The company operates four factories with advanced technology equipment and a skilled workforce. Its product portfolio comprises four core product lines: Weapons (Όπλα), Munitions (Πυρομαχικά), Weapon and Missile Systems (Οπλικά και Πυραυλικά Συστήματα), and Vehicle Upgrade (Αναβάθμιση Οχημάτων). The company also provides maintenance of weapon and missile systems, control, evaluation, collection and demilitarization of retired munitions, and ballistic testing and inspections.

Differentiator

Problem solved

Functional benefit

Products and services

• Weapons (Όπλα) NATO-standard weapons across small, medium, and large calibers, produced for the Hellenic Armed Forces and allied nations.
• Munitions (Πυρομαχικά) Production and supply of munitions/ammunition to the Hellenic Armed Forces and allied nations.
• Weapon and Missile Systems (Οπλικά και Πυραυλικά Συστήματα) Design, assembly, and integration of weapon systems and missile systems, including IRIS-T-related missile work, for the Hellenic Armed Forces and allied nations.
• Combat Drone Systems Combat drone systems developed and produced for Hellenic Armed Forces applications.
• Vehicle Upgrade (Αναβάθμιση Οχημάτων) Military vehicle upgrade services, including F-16 upgrade programs, for the Hellenic Armed Forces.
• Demilitarization Services Demilitarization and munitions lifecycle management services for the Hellenic Armed Forces and allied customers.

Quantifiable outcome

• International presence in 20+ countries
• +3 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core.

• Diehl DefencecoreStrategic or Co-development Partner · 1 June 2025Partnership in the IRIS-T air defense missile system program. Diehl Defence manufactures the IRIS-T missile while Hellenic Defense Systems participates in system integration, support, and potential co-production activities for the program serving allied nations.
• Lockheed MartincoreStrategic or Co-development PartnerParticipation in the F-16 Viper upgrade program alongside Lockheed Martin, providing component integration and modernization support for the Greek F-16 fleet upgrade to Viper configuration.
• MBDA Missile SystemscoreTechnology or IntegrationInternational partner displayed as logo on company website. MBDA is a major European missile systems manufacturer.
• RheinmetallcoreTechnology or IntegrationInternational partner displayed as logo on company website. Partnership covers multiple Rheinmetall divisions including Air Defence, Electronics, and Waffe Munition.
• Northrop GrummancoreTechnology or IntegrationInternational partner displayed as logo on company website. Northrop Grumman is a major US defense contractor.
• RaytheoncoreTechnology or IntegrationInternational partner displayed as logo on company website. Raytheon is a major US defense systems manufacturer.
• Hellenika Pyrotechnika (MSM Exports Joint Venture)coreStrategic or Co-development PartnerJoint venture with MSM Exports established as Hellenika Pyrotechnika, combining EAS's defense manufacturing expertise with MSM Exports' export capabilities for international market expansion.
• Hellenic Centre for Defence InnovationcoreStrategic or Co-development PartnerStrategic partnership for combat drone development. Multiple contracts awarded through the Hellenic Centre for Defence Innovation for unmanned aerial systems and combat drone programs.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Diehl Defence: German defense manufacturer and prime contractor for the IRIS-T air defense missile system. EAS's June 2025 MoU extends more than 20 years of IRIS-T cooperation including system integration and co-production, making Diehl a directly comparable peer in guided missile and air defense systems.
• Simmel Difesa: Italian defense systems company listed as an international partner of EAS. Simmel produces munitions and defense products for NATO-aligned customers, making it a comparable peer in small-to-medium caliber munitions and defense systems.
• MBDA: European missile systems consortium and one of EAS's listed international partners. MBDA's portfolio of tactical and strategic missile systems directly overlaps with EAS's weapon and missile systems product category, making it a directly comparable peer in guided weapons.
• MSM Exports (CSG Group): Czech defense group and EAS's joint venture partner in Hellenika Pyrotechnika for munitions production. MSM Exports operates in international defense markets and provides a directly comparable peer in ammunition production and global defense exports.
• Heckler & Koch: German manufacturer of small arms and firearms for military and security forces worldwide. Listed as a partner of EAS, H&K is a direct peer in EAS's weapons product category, serving similar NATO-aligned military customers with comparable small arms offerings.
• FN Herstal: Belgian manufacturer of small arms, firearms, and ammunition for military and law enforcement markets. Listed as a partner of EAS, both companies produce NATO-standard small arms and munitions, making FN Herstal a direct peer in EAS's core weapons product line.
• Hirtenberger Defence: Austrian manufacturer of pyrotechnics, munitions, and defense products. Listed as a partner of EAS, Hirtenberger is a directly comparable peer in the munitions product line, producing NATO-standard ammunition for European defense customers.

Broad incumbents

• Rheinmetall: Major German defense conglomerate with divisions spanning air defence, electronics, weapons, and ammunition, listed as a partner of EAS across multiple divisions. While much larger and more diversified than EAS, Rheinmetall operates across overlapping product lines including weapons, munitions, and air defense.
• Lockheed Martin: U.S. defense prime contractor and EAS's partner on the F-16 Viper upgrade program. While much larger and operating across a broader portfolio, Lockheed Martin's role as a platform prime with which EAS integrates creates a comparable enterprise in aerospace and defense systems manufacturing.
• Raytheon: Major U.S. defense systems manufacturer (now RTX) listed as an international partner of EAS. Raytheon's missile systems, air defense, and weapons portfolio overlap with several of EAS's product categories, making it a broad incumbent peer in defense systems.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/HellenicDefenceSystems

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hellenic Defense Systems