Hellenic Defence Systems

{{Short description|Greek defence company}}

{{more citations needed|date=July 2014}}

{{Update|updated=August 2019 |reason=still bleeding money four years later? same key people despite decade of losses?|date=November 2023}}

{{Infobox company

| name = Hellenic Defence Systems

| logo =

| logo_size =

| logo_alt =

| logo_caption =

| native_name = {{langx|el|Ελληνικά Αμυντικά Συστήματα}}

| romanized_name = Ellinika Amyntika Systimata

| type = State-owned enterprise

| location =

| industry = Defence

| predecessor = EBO
Pyrkal

| founded = {{start date and age|2004}}

| founder =

| hq_location_city = Hymettus, Athens, Attica

| hq_location_country = Greece

| num_locations =

| num_locations_year =

| area_served = worldwide

| key_people = Athanasios Tsiolkas (Chairman)
Νikolaos Κostopoulos (CEO)

| products = Munitions, Small arms, Artillery, Explosive

| services =

| revenue = 15.250.162€

| revenue_year = 2022

| operating_income = 4.434.613€

| income_year = 2022

| net_income = -25.628.739€

| net_income_year = 2022

| assets = 268.355.778€

| assets_year = 2022

| equity =

| equity_year =

| owner = Hellenic Republic

| num_employees = 331

| num_employees_year = 2023

| website = {{Official URL}}

| footnotes =

}}

Hellenic Defense Systems ({{langx|el|Ελληνικά Αμυντικά Συστήματα}}, Ellinika Amyntika Systimata, abbreviated EAS) is the company formed by the merger in 2004 of the Greek defence companies Hellenic Arms Industry and Pyrkal. Upon its creation, it was a major manufacturer with thousands of employees, with a product range that included most land weapons in use today, as well as an established exporter to many countries in the world.

{{As of|2018}}, EAS reported a loss, despite the Greek government paying {{€|19.5|link=yes}}{{nbsp}}million (equivalent to €{{Inflation|EU|19.5|2018|r=1|fmt=c}}{{nbsp}}million in {{Inflation/year|EU}}) towards the company's bills and debts, attributed to the ongoing economic crisis that affected Greece from 2008 to 2018.{{cite news |title=Defense industry survives thanks to state largesse |first=Vangelis |last=Mandravelis |date=2019-08-15 |newspaper=Kathimerini |url=https://www.ekathimerini.com/243616/article/ekathimerini/business/defense-industry-survives-thanks-to-state-largesse |access-date=2021-01-09 |archive-url=https://web.archive.org/web/20230517133602/https://www.ekathimerini.com/economy/243616/defense-industry-survives-thanks-to-state-largesse/ |archive-date=2023-05-17 |url-status=live}}

Products

References

{{Reflist}}

Official financial statements (2022)[https://www.eas.gr/nea-kai-ekdiloseis/oikonomikes-katastaseis-2022/]