Greece Defense Market Data: Budget Allocations, Fleet Size and Program Forecasts, 2026-2035
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Stay ahead in the aerospace and defense market with an interactive, Excel-based country intelligence workbook from GlobalData. This ready-to-use workbook features intuitive pivots and dashboards that allow users to analyze defense spending, procurement programs, platform inventories, and market trends across key segments within Greece. Easily slice and filter data, explore historical patterns and long-term forecasts, benchmark suppliers, and support strategic planning with transparent, analyst-curated insights through 2035.
Greece Defense Market Data report provides –
Defense Budget Allocations: The interactive excel sheet allows the user to analyze total defense expenditure with flexible filters across major budget heads, including Acquisitions, RDT&E, Infrastructure, Personnel, Operations and Maintenance (O&M), and Other expenditures. Users can further enhance analysis by viewing contextual indicators such as exchange rates, real and nominal GDP, population, defense spending as a percentage of GDP, and defense budget per capita.
Defense Program Forecasts: The interactive Excel sheet allows the user to explore forecast spending across defense sectors and sub-sectors, with the ability to drill down to individual programs and suppliers. Interactive filters enable users to assess funding priorities, program pipelines, and supplier exposure within the country’s defense ecosystem.
Fleet Size: The interactive excel sheet allows the user to evaluate current and future equipment inventories by filtering data on equipment variants, acquisition timelines, current unit counts, annual fleet maintenance costs, manufacturers, and countries of origin. The workbook also provides forward-looking indicators such as projected retirement years, replacement probabilities, and service life extension likelihoods, offering clear visibility into modernization and replacement opportunities.
Two interactive visualization sheets with charts and graphs provide expert insights, enabling users to explore quantitative trends within the selected aerospace and defense market. The visualization sheets are supported by detailed underlying datasets covering Defense Budget Allocations, Fleet Size and Platform Analysis, and Defense Program Forecasts
In 2026, the Greek government allocated $11.1 billion to its defense budget recording a compound annual growth rate (CAGR) of 7% from 2022 to 2026. The nation’s defense budget is projected to expand at a CAGR of 8.3% during the forecast period, reaching $15.9 billion by 2031. This growth in defense expenditure is anticipated to be driven by increased investments in acquisition and personnel programs.
Greece’s defense spending is primarily driven by the need to deter and, if necessary, defend against an invasion by Türkiye. To mitigate the numerical superiority of the Turkish Armed Forces, Greece mandates military conscription of between 9 and 12 months for all male citizens aged between 19 and 45. As part of the “Agenda 2030” defense reform, conscription will be abolished for the Hellenic Air Force and Navy and will only be maintained for the Army. Monthly pay for conscripts is due to increase substantially from EUR 8.0 to EUR 50, rising to EUR 100 for those stationed along the border with Türkiye and on the Aegean islands. Additionally, voluntary military service for women is slated to be introduced in 2026.
Scope
This Excel deliverable gives important, expert insight you won’t find in any other source. The interactive model illustrates qualitative and quantitative trends within the specified market. Various sections covered in the workbook are as follows –
Interactive Visualizations: Two interactive dashboard sheets featuring charts and graphs that enable rapid analysis of qualitative and quantitative trends across the selected aerospace and defense market.
Defense Budget Allocations: Detailed coverage of total defense expenditure with breakdowns across acquisitions, RDT&E, infrastructure, personnel, operations and maintenance (O&M), and other spending categories, supported by key macroeconomic and contextual indicators.
Defense Program Forecasts: Forecast analysis of defense spending by sector, sub-sector, program, and supplier, enabling evaluation of procurement priorities, funding pipelines, and competitive positioning within the country.
Fleet Size and Platform Inventory: Comprehensive assessment of military equipment inventories, including platform variants, acquisition timelines, current unit counts, manufacturers, country of origin, maintenance costs, and projected retirement, replacement, and service life extension indicators.
Sources: Data compiled from a wide range of authoritative public and proprietary sources, including government budgets, defense ministries, armed forces disclosures, international organizations, industry reports, and GlobalData’s internal databases.
Key Highlights
Drivers: Greece's defense spending is driven increased investments in acquisition and personnel programs
Top 3 Sectors: Military Fixed Wing Aircraft, Missiles and Missile Defense Systems, Naval Vessels and Surface Combatant.
Top Country of Origin of Existing Fleet: Indigenous, Germany, United States, Netherlands, and France.
Reasons to Buy
Identify high-growth investment and procurement opportunities by analyzing historical data and long-term trends in the Greece defense market across budget categories, sectors, and platforms through 2035.
Track and benchmark defense budget allocations across acquisitions, RDT&E, personnel, infrastructure, and O&M, supported by macroeconomic indicators such as GDP, population, and defense spending as a percentage of GDP.
Assess program-level funding priorities and pipelines by drilling down into defense programs by sector, sub-sector, and supplier, enabling evaluation of funding stability, growth potential, and competitive exposure.
Evaluate fleet modernization and replacement opportunities using detailed platform-level data covering current inventories, acquisition timelines, maintenance costs, projected retirements, and replacement and service life extension probabilities.
Strengthen competitive and supplier intelligence through comparative analysis of manufacturers, country of origin, and supplier participation across key defense programs and platforms.
Save time and improve decision-making efficiency with a ready-to-use, interactive Excel workbook featuring intuitive pivots and dashboards that allow rapid filtering, customization, and scenario exploration without the need for additional modeling.
Undisclosed-Not Awarded
Elbit Systems Ltd
Yugoimport SDPR
KNDS NV and Thales SA
Leonardo SpA
Undisclosed-Awarded
Collins Aerospace
AEL Sistemas SA
Elbit Systems of America
Collins Aerospace and Elbit Systems of America
Thales SA
RTX Corp
Hensoldt AG
Curtiss-Wright Corp
Honeywell Aerospace
BAE Systems Plc
Honeywell International Inc
Lockheed Martin Corp
Elettronica SpA
BAE Systems Inc
Leonardo UK Ltd
Sierra Nevada Corp
Rheinmetall Protection Systems GmbH
Saab Avitronics
Northrop Grumman Corp
MBDA Holdings SAS
Naval Group
LACROIX Defense
Rafael Advanced Defense Systems Ltd
Northrop Grumman Corp and Rafael Advanced Defense Systems Ltd
Safran Electronics & Defense
Raytheon Intelligence & Space
Teledyne FLIR LLC
Rheinmetall AG
Embraer SA
Northrop Grumman LITEF GmbH
Advanced Navigation Pty Ltd
iXBlue SAS
Eurospike GmbH
Brahmos Aerospace Pvt Ltd
Boeing Defense
Space & Security
Eurosam
Israel Aerospace Industries Ltd
Bharat Dynamics Ltd
Bharat Electronics Ltd
and Adani Defence and Aerospace
RTX Corp and Rafael Advanced Defense Systems Ltd
STADT NAVAL AS
MTU Friedrichshafen GmbH
Wartsila Corp
Royal Netherlands Navy
United States Navy
Italian Navy
VIKING Norsafe Life-Saving Equipment Hellas S.M S.A.
Marine Alutech OY AB
Navantia SA
Naviris and Hydrus Engineering S.A.
Telephonics Corp
ELTA Systems Ltd
General Atomics Aeronautical Systems
Ultra Electronics Holdings Ltd
Accipiter Radar Technologies Inc
Sikorsky Aircraft Corp
NHIndustries
Orora Technologies
Open Cosmos Aegean
Sogitec Industries SA
Helicopter Flight Training Services GmbH
General Atomics Aeronautical Systems Inc
CAE Inc
BAE Systems Plc
L3Harris Technologies Inc
Lockheed Martin Corp
and Northrop Grumman Corp
Rohde & Schwarz GmbH & Co KG
L3Harris Technologies Inc
BAE Systems Plc and Collins Aerospace
Thales SA and Naval Group
Hellenic Defence Systems SA and Paramount Group
Aeronautics Ltd
Alpha Unmanned Systems
Greek EFA Group
Ucandrone PC
the Greek Navy
the Greek Aviation Industry Group (EAB)
the University of Thessaloniki
Thessaly University and the University of Thrace
Hellenic Aerospace Industry SA
the Aristotle University of Thessaloniki
the Democritus University of Thrace
the University of Thessaly and the University of Patras
Intracom Defence IDE
Hellenic Research Technological Development and Innovation Center
AeroVironment Inc
Rheinmetall Landsysteme GmbH and KNDS Deutschland GmbH & Co KG
KNDS France SA
Metlen Energy & Metals and Hellenic Defence Systems S.A
BAE Systems AB
KNDS France SA and French Army
Spirit Aeronautical Systems S.A.
Sigmund Naval & Marine Ltd and Concept Marine Group
Hanwha Corp
SSAB AB
KNDS France S. A.
BAE Systems Hagglunds AB
Safran Helicopter Engines
GE Aerospace
BRP-Rotax GmbH & Co KG
Pratt & Whitney Co
Safran Aircraft Engines
International Turbine Engine Company LLC
IAE International Aero Engines AG
Table of Contents
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