The Greek government is set to introduce a new Development Law aimed at bolstering the defense industry with an investment of 150 million euros. This initiative emphasizes the utilization of dual-use technology, which can serve both military and civilian applications. The relevant bill has been made available for public consultation, allowing stakeholders, including defense companies, to weigh in on the proposed reforms that will govern the investment incentives.

The Development Law includes significant tax benefits and other incentives aimed at encouraging participation in defense industry projects. Specifically, it promises financial support covering up to 75% of eligible costs associated with eligible investment plans. This financing scheme targets dual-use investment projects that revolve around strategic defense sectors, like weapon and ammunition manufacturing as well as vehicle and aircraft production, thereby fostering innovation and raising the competitiveness of Greek enterprises in these vital industries.

As the bill is open for consultation until March 13, 2026, Greek defense companies are encouraged to participate actively in shaping these reforms which could lead to a more robust defense industry. The implications of this initiative are broad, potentially enhancing national security capabilities while also expanding opportunities for civil applications of defense-related technology, underscoring the dual-use strategy's profound importance in contemporary defense planning.