Greece Steps Up Defense Push With Deal for Ammunition Production
An Excalibur Army T-72 main battle tank in the Czechoslovak Group AS factory in Sternberk, Czech Republic.
Photographer: Michaela Nagyidaiova/BloombergGreece’s Hellenic Defense systems and Czechoslovak Group AS have agreed to jointly produce ammunition, in a bid to bolster Europe’s weapons capabilities.
“CSG will invest some €50 million ($57.9 million) and Hellenic Defense Systems will participate by allowing the use of its infrastructure in Lavrio,” Christoforos Boutsikakis, the chief executive officer of the Greek defense company said in an interview.