The offer includes substantial involvement of the Greek defence industry in the production and supply of the vehicles and components. According to unofficial information, the local industrial participation is expected to exceed 25 per cent.
EODH, a Greek defence company already cooperating with German partners, is set to become Rheinmetall’s main partner for the deliveries. Germany is also expected to offer attractive financing conditions with long repayment terms to support the deal.
Greece currently operates a small batch of 40 Marder 1A3s, which were transferred by Germany in exchange for Greek BMP-1s delivered to Ukraine. The KF41 Lynx has been offered to Greece for several years, but without success so far.
Germany is also proposing joint cooperation on tank modernisation, with KMW and Rheinmetall competing for a contract to upgrade Greece’s Leopard 1A5 and Leopard 2A4 tanks. For the Leopard 2A4s, multiple options are being considered depending on the depth of the upgrade.
A basic upgrade of the entire fleet of 183 Leopard 2A4 tanks is estimated at around €700 million. A full modernisation to the Leopard 2A7 HEL standard would cost approximately €1.5 billion.
