Metlen Chairman Urges Bigger Role for Greek Defense Industry

Greece should do more to channel defense spending toward domestic industry, Metlen Chairman and CEO Evangelos Mytilineos said on Tuesday, arguing that closer cooperation between the armed forces and Greek manufacturers would strengthen both the economy and the country’s defense capabilities.

Speaking at the inauguration of the fourth factory in Metlen’s M Technologies defense hub in the central Greek city of Volos, Mytilineos welcomed a government proposal that would require Greek companies to participate in at least 25% of defense procurement programs.

The proposal, put forward by Prime Minister Kyriakos Mitsotakis and Defense Minister Nikos Dendias, is moving in the right direction, he said. Mytilineos suggested that bids offering a higher level of Greek industrial participation should receive additional consideration during the evaluation process.