{"id":55701,"date":"2026-04-09T13:04:41","date_gmt":"2026-04-09T10:04:41","guid":{"rendered":"https:\/\/www.eliamep.gr\/?p=55701"},"modified":"2026-04-09T14:10:32","modified_gmt":"2026-04-09T11:10:32","slug":"epiptoseis-tis-iranikis-krisis-gia-tin-elliniki-amyntiki-politiki","status":"publish","type":"post","link":"https:\/\/www.eliamep.gr\/en\/implications-of-the-iran-crisis-for-greeces-defence-policy\/","title":{"rendered":"Implications of the Iran crisis for Greece\u2019s defence policy"},"content":{"rendered":"<div class=\"the-content\"><p>In the second policy paper of the collection <em><strong>The Iran reckoning: Essays on a war the West was not ready for<\/strong><\/em>, Constantine Capsaskis examines the critical implications of the Iran crisis for Greece\u2019s defence policy.<\/p>\n<p>The ongoing conflict between Iran and the combined forces of the United States and Israel emphatically underlines that we are moving towards a new era of warfare. The mass use of Uncrewed Aerial Vehicles (UAV), first witnessed on the battlegrounds of Ukraine, is set to become the defining instrument of war. The war in the Gulf has also revealed the substantial cost associated with intercepting these UAVs with sophisticated air and missile defence systems, with a single drone often costing just a fraction of the interceptors used to bring it down. Additionally, with stockpiles of these high-end defensive missile systems dwindling due to the protracted conflict, serious questions over their production rates are also being raised. This paper seeks to address these issues in detail and examine how they impact Greece\u2019s defensive planning.<\/p>\n<ul>\n<li>The battlefields of Ukraine and Iran herald a new age of warfare, often dubbed \u201cPrecise Mass\u201d. In this, state and non-state actors can engage in precise strikes en masse, at both short and long range.<\/li>\n<li>There is a substantial cost asymmetry in intercepting cheap Uncrewed Aerial Vehicles (UAV) using high-end air and missile defence systems, including the United States\u2019 Patriot and Israeli Arrow systems.<\/li>\n<li>With stockpiles being depleted rapidly in the Gulf, defence industry production lines that were already stressed due to the global increase in defence spending could face delays.<\/li>\n<li>Exacerbating the situation, core materials used in the production of these defence systems are facing acute shortages, in large part due to the introduction by China of export controls on processed rare earths.<\/li>\n<li>As Greece rehauls its overall defensive posture, as part of the wider \u201cAgenda 2030\u201d reforms, it must consider the opportunity cost of promoting planned projects, including \u201cAchilles Shield\u201d, to ensure it is not preparing for the wrong war.<\/li>\n<li>The Hellenic Armed Forces must be able to deal with mass produced one-way attack drones. This means ensuring both an adequate mix of high-low counter-UAV solutions, with an emphasis on cost-effective interceptions being paramount.<\/li>\n<\/ul>\n<p>Read <a href=\"https:\/\/www.eliamep.gr\/wp-content\/uploads\/2026\/04\/Policy-paper-203-Iran-collection-2nd.pdf\">here<\/a> in pdf the Policy paper by <strong>Constantine Capsaskis,<\/strong> Reasearch Fellow at the Mediterranean Progeamme of ELIAMEP.<\/p>\n<p>The first paper of the collection is available <a href=\"https:\/\/www.eliamep.gr\/en\/the-bill-will-come-due-the-short-medium-and-long-term-consequences-of-the-iran-war\/\">here<\/a>.<\/p>\n<hr \/>\n<h2>Introduction<\/h2>\n<p>On February 28<sup>th<\/sup>, the United States and Israel launched operations \u201cEpic Fury\u201d and \u201cRoaring Lion\u201d respectively, jointly striking military, political, and limited economic targets across Iran. In response, Iran retaliated not just by attacking Israel and US military assets in the region but also civilian infrastructure in several neighbouring states, including Qatar, the United Arab Emirates, Oman, and Saudi Arabia. Complementarily, Iran has also sought to leverage the strategic Strait of Hormuz to raise the cost of the conflict, effectively disrupting traffic across a waterway that is critical for global energy security.<\/p>\n<p>At the time of writing, on the fourth week of the conflict, the likely duration of the war remains difficult to predict as there continue to be contradictory messaging and signalling from all parties involved. What is clear is that a return to the <em>status quo ante bellum<\/em> is unlikely even if the Iranian regime survives, with long-lasting diplomatic and economic ramifications.<a href=\"#_ftn1\" name=\"_ftnref1\">[1]<\/a><\/p>\n<blockquote><p><em>Greece, located on the southern flank of both NATO and the European Union, faces several challenges from the war in the Gulf, beyond its relative geographic proximity to the conflict.<\/em><\/p><\/blockquote>\n<p>Even at this stage, it is important to examine how the conflict impacts Greek security policy. Greece, located on the southern flank of both NATO and the European Union, faces several challenges from the war in the Gulf, beyond its relative geographic proximity to the conflict. Primary among them is that two of its main security partners and defensive suppliers, the United States and Israel, are both primary combatants, whose own defensive stockpiles have been drained.<\/p>\n<p>In the case of prolonged conflict in the Gulf, several of the points raised in this paper will only become more pressing as disruption to key supply lines will be further exacerbated and munitions stockpiles will be further depleted. Additionally, some of the issues covered in this paper can be extrapolated to the wider European Union, but the analysis of problems and recommendations will be tailored to the case of Greece.<\/p>\n<h2>Defence Issues<\/h2>\n<blockquote><p><em>Greece is upgrading its deterrence capabilities at a time where there is mounting evidence that we are entering a new era of warfare, one of technology-enabled mass volume UAV strikes.<\/em><\/p><\/blockquote>\n<p>The need to replace Greece\u2019s aging air and missile defence systems, which still include several Soviet-era weapons systems, is increasingly pressing as global insecurity has made defensive capabilities a priority in most countries. Additionally, Greece\u2019s main strategic rival continues to expand its domestic ballistic missile and UAV production capabilities, a threat that must be addressed. But it is important to note that Greece is upgrading its deterrence capabilities at a time where there is mounting evidence that we are entering a new era of warfare, one of technology-enabled mass volume UAV strikes, raising the question of whether we are preparing for the wrong war.<\/p>\n<p>The choice of partners in the modernization of the Hellenic Armed Forces is underpinned by wider strategic considerations. Greece\u2019s current three main procurement partners, France, Israel, and the United States, are also the country\u2019s main security partners.<\/p>\n<p>In the case of France, the acquisition by Greece of four of Naval Group\u2019s FDI frigates (with the first, F-601 Kimon, joining the Hellenic Navy in January 2026, and another two expected the same year) helped cement the growing defensive ties between the two countries. Today, France included Greece in its expanded nuclear doctrine,<a href=\"#_ftn2\" name=\"_ftnref2\">[2]<\/a> highlighting the interplay between industrial and defence relationships.<\/p>\n<p>The acquisition of Israeli-made systems undeniably has a wider strategic value for Greece beyond their tactical capabilities. However, with the ongoing conflict in the Middle East offering a possible glimpse into what the future of war may look like, several issues are raised, including the threat of shortages, cost asymmetry, and possible production difficulties, that are worth considering when estimating their contribution to the country\u2019s deterrence capabilities.<\/p>\n<p>Finally, defensive rearmament and modernization is increasingly becoming a global feature. Already, this would create important logistical challenges, exacerbated by China\u2019s decision to control the exports of its processed rare earths such gallium and germanium. Demand has shot up, but the ability of the defence industry to increase its production has yet to be proven. Even worse, the rate of usage in the current conflict in the Gulf (indicatively, more Tomahawk missiles have been fired during Epic Fury than any other US campaign)<a href=\"#_ftn3\" name=\"_ftnref3\">[3]<\/a> raises serious concerns over the sustainability of the current defence production model, with significant knock-on implications for Greece\u2019s capability to maintain an adaquete defensive stockpile.<\/p>\n<p><u>Issue #1: \u201cPrecise Mass\u201d and cost asymmetry <\/u><\/p>\n<blockquote><p><em>The battlegrounds of Ukraine, the Middle East, and now the Gulf herald a new age of warfare, often dubbed as the \u201cera of precise mass\u201d.<\/em><\/p><\/blockquote>\n<p>The battlegrounds of Ukraine, the Middle East, and now the Gulf herald a new age of warfare, often dubbed as the \u201cera of precise mass\u201d.<a href=\"#_ftn4\" name=\"_ftnref4\">[4]<\/a> In essence, as defined by the Council of Foreign Relations\u2019 Michael C Horowitz, this means that technological and industrial advances have allowed an increasing number of international actors, even non-state actors rather than just the traditional military superpowers, to field systems that enable them to carry out precise strikes, once considered the purview of only the most advanced militaries. These strikes can be launched en masse at both short and long range, and, critically, at limited cost.<a href=\"#_ftn5\" name=\"_ftnref5\">[5]<\/a><\/p>\n<blockquote><p><em>The mass production of OWA drones by other countries with strong defence industrial capacities is, presumably, only a matter of time.<\/em><\/p><\/blockquote>\n<p>Uncrewed systems are the main harbingers of this new era, with their proliferation being a defining characteristic of the battlefield in both Ukraine and the Gulf. At the heart of both conflicts are the Iranian Shahed drones, arguably the most influential agent of this new \u201cprecise mass\u201d doctrine. Both Cold War-era superpowers have now adapted the one-way attack (OWA) Shahed-136 drone (a model developed by Iran\u2019s Shahed Aviation Industries) as part of their arsenals, with Russia manufacturing its own variant (renamed Geran-2) with Iranian assistance<a href=\"#_ftn6\" name=\"_ftnref6\">[6]<\/a> and the United States reverse engineering the Iranian drone for their Low-cost Unmanned Combat Attack System (LUCAS).<a href=\"#_ftn7\" name=\"_ftnref7\">[7]<\/a> The mass production of OWA drones by other countries with strong defence industrial capacities is, presumably, only a matter of time.<\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"150\"><\/td>\n<td width=\"150\">Manufacturing Cost<\/td>\n<td width=\"150\">Operational Range<\/td>\n<td width=\"150\">Payload<\/td>\n<\/tr>\n<tr>\n<td width=\"150\">Shahed-136<\/td>\n<td width=\"150\">$20,000 &#8211; $50,000<\/td>\n<td width=\"150\">2,000 km<\/td>\n<td width=\"150\">88 lbs<\/td>\n<\/tr>\n<tr>\n<td width=\"150\">FLM-136 LUCAS<\/td>\n<td width=\"150\">Approx. $35,000<\/td>\n<td width=\"150\">1,500 to 2,000 km<\/td>\n<td width=\"150\">40 lbs<\/td>\n<\/tr>\n<tr>\n<td width=\"150\">GERAN-2<\/td>\n<td width=\"150\">$35,000 &#8211; $50,000<\/td>\n<td width=\"150\">2,000 km<\/td>\n<td width=\"150\">88 lbs<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><em>Figure 1: Comparative manufacturing cost, operational range, and indicative payload for OWA UAV models used by Iran, the USA, and Russia.<a href=\"#_ftn8\" name=\"_ftnref8\">[8]<\/a><\/em><\/p>\n<p>This new Shahed-style type of drone has several benefits. Primarily, it is much easier to mass produce efficiently and several orders of magnitude cheaper than a cruise or ballistic missile, with estimations ranging from $20,000 to $50,000 per unit.<a href=\"#_ftn9\" name=\"_ftnref9\">[9]<\/a> Their production volume also far outstrips those of widely used interceptors, including those of the US-produced Patriot surface to air system. Indicatively, in 2025 the Institute for the Study of War estimated that Russia was producing upwards of 5,000 Geran-type OWA drones a month,<a href=\"#_ftn10\" name=\"_ftnref10\">[10]<\/a> with Ukrainian intelligence services having warned that it seeks to increase capacity to more than 1,000 OWA drones a day.<a href=\"#_ftn11\" name=\"_ftnref11\">[11]<\/a> In comparison, the US produces somewhere in the region of 600 to 800 Patriot interceptor missiles a year, even if it has stated that it seeks to expand production to up to 2,000 by 2027.<a href=\"#_ftn12\" name=\"_ftnref12\">[12]<\/a><\/p>\n<p>These production rates have also resulted in an increase of the firing rate of these systems, both in Ukraine and the Gulf. In the former, Russia was capable of launching more than 1,000 drones per week in 2025 while in the case of the latter, during just the first week of the current conflict, drones accounted for 71% of all Iranian strikes in the region, with the United Arab Emirates alone detecting 1,422 such attacks.<a href=\"#_ftn13\" name=\"_ftnref13\">[13]<\/a><\/p>\n<blockquote><p><em>OWA drone swarm attacks are very capable of penetrating existing, and costly, multi-layered defence systems despite high levels of recorded drone interception.\u00a0<\/em><\/p><\/blockquote>\n<p>The strategic and tactical benefits of utilizing Shahed-style OWA drones are obvious. On the field, it is clear that OWA drone swarm attacks are very capable of penetrating existing, and costly, multi-layered defence systems despite high levels of recorded drone interception. Drone saturation is increasingly becoming a feature of modern warfare, with the individual success rate of every OWA drone being insignificant as the key objective is the compound effect of potentially hundreds of drones.<a href=\"#_ftn14\" name=\"_ftnref14\">[14]<\/a> This is evidenced by both the failure of traditional air defences in Ukraine, as well as Iran\u2019s success in knocking out as many as 10 United States and allied radar stations in the Gulf,<a href=\"#_ftn15\" name=\"_ftnref15\">[15]<\/a> even though the vast majority of Iranian drones launched in the region have been intercepted. As a corollary, this is also testament to the attritional warfare capabilities of OWA attack drones as any degradation of detection capabilities will only facilitate a higher success rate in future attacks.<\/p>\n<p>Overall, the inevitable expansion of the use of drone saturation attacks, the increased employment of Artificial Intelligence and autonomous capabilities, and \u201cprecise mass\u201d by more actors following the successes observed on the battlefield raises serious tactical implications for the future, particularly when considering the vulnerability of high-value assets to these weapon systems.<a href=\"#_ftn16\" name=\"_ftnref16\">[16]<\/a> \u00a0Preparing for these must be a key area of planning and investment.<\/p>\n<blockquote><p><em>At a strategic level, planners must take also account of the significant cost discrepancy between an OWA drone and the interceptor used to stop it.\u00a0<\/em><\/p><\/blockquote>\n<p>At a strategic level, planners must take also account of the significant cost discrepancy between an OWA drone and the interceptor used to stop it. This cost asymmetry, apparent in both Ukraine and during Operation \u201cRough Rider\u201d when the US conducted a sustained campaign against Yemen\u2019s Houthis, has once again been a defining feature and one of the key takeaways of the current conflict in the Gulf.<\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"301\"><\/td>\n<td width=\"301\">Cost per interceptor<\/td>\n<\/tr>\n<tr>\n<td width=\"301\">Terminal High Altitude Air Defense (THAAD)<\/td>\n<td width=\"301\">$12.7 million<\/td>\n<\/tr>\n<tr>\n<td width=\"301\">Patriot PAC-3<\/td>\n<td width=\"301\">$3.7 million<\/td>\n<\/tr>\n<tr>\n<td width=\"301\">Arrow 2 and Arrow 3<\/td>\n<td width=\"301\">$2-3 million<\/td>\n<\/tr>\n<tr>\n<td width=\"301\">David\u2019s Sling Stunner<a href=\"#_ftn17\" name=\"_ftnref17\">[17]<\/a><\/td>\n<td width=\"301\">$1 million<\/td>\n<\/tr>\n<tr>\n<td width=\"301\">Barak 8<a href=\"#_ftn18\" name=\"_ftnref18\">[18]<\/a><\/td>\n<td width=\"301\">$553,435<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><em>Figure 2: Cost per interceptor of systems used in the current Gulf crisis, and the Barak MX set to be purchased by Greece.<a href=\"#_ftn19\" name=\"_ftnref19\">[19]<\/a><\/em><\/p>\n<p>Several analysts have pointed out how the main interceptors used to bring down Iranian drones, primarily the PAC-3 missile munition of the Patriot system (with estimations of more than 1,600 such munitions having been used in the first 16 days of the conflict),<a href=\"#_ftn20\" name=\"_ftnref20\">[20]<\/a> are almost one hundred times more expensive than their usual target.<a href=\"#_ftn21\" name=\"_ftnref21\">[21]<\/a> Namely, a Patriot interceptor costs about $4 million to a Shahed\u2019s average of $35,000, while each interceptor of Israel\u2019s Arrow 3 system is also estimated to cost upwards of $2 million.<a href=\"#_ftn22\" name=\"_ftnref22\">[22]<\/a><\/p>\n<p>The cost asymmetry in play in the Gulf has essentially turned the conflict into a war of attrition, regarding the financial cost of the systems being deployed as well as the resilience and industrial capacity of defence production lines.<\/p>\n<blockquote><p><em>The key question that must be considered in Greece is whether and how the country can afford to wage a defensive war with a similarly steep cost asymmetry.<\/em><\/p><\/blockquote>\n<p>The key question that must be considered in Greece is whether and how the country can afford to wage a defensive war with a similarly steep cost asymmetry.<\/p>\n<p>On Monday, March 23<sup>rd<\/sup>, Greece\u2019s Government Council on Foreign and Defence Affairs (KYSEA), the highest-level executive council on issues of security, approved the purchase of key elements of a planned multi-layered defence system, dubbed \u201cAchilles Shield\u201d as part of the wider \u201cAgenda 2030\u201d military modernization programme.<a href=\"#_ftn23\" name=\"_ftnref23\">[23]<\/a> The goal of this planned defence system, according to the Ministry of National Defence, is to enable \u201cthe country to face modern threats\u201d<a href=\"#_ftn24\" name=\"_ftnref24\">[24]<\/a>, critically by reinforcing the country\u2019s anti-drone, anti-air and anti-missile capabilities.<\/p>\n<p>The current purchase approvals, worth an estimated 3 billion euros, are for three Israeli weapons systems, namely Israel Aerospace Industries\u2019 (IAI) Barak MX and Rafeal\u2019s Spyder and David\u2019s Sling. These three systems are set to complement the country\u2019s existing Patriot batteries to form the backbone of \u201cAchilles Shield\u201d.<\/p>\n<p>Unquestionably, the existence of a multi-layered defence system is a welcome addition to Greece\u2019s deterrence posture in the Aegean and Eastern Mediterranean, particularly against more conventional threats including missiles, aircraft, and medium-altitude long-endurance (MALE) uncrewed aerial vehicles. However, it is also critical to prepare for the next war, not the last one.<\/p>\n<blockquote><p><em>The harsh reality is that Greece is unlikely to be able to rely on these defensive systems to sustain a protracted defensive engagement against an enemy equipped with a significant number of OWA UAVs.<\/em><\/p><\/blockquote>\n<p>The harsh reality is that Greece is unlikely to be able to rely on these defensive systems to sustain a protracted defensive engagement against an enemy equipped with a significant number of OWA UAVs, something that becomes apparent even with the most cursory glance at the rate at which the United States, Israel, and the Gulf states are burning through their interceptor munitions stock and the associated price tag. Indicatively, the cost of interceptors alone over the first sixteen days of the conflict is estimated to exceed $19 billion.<a href=\"#_ftn25\" name=\"_ftnref25\">[25]<\/a> While countries with significant defence budgets like the United States, Saudi Arabia, the UAE, and Israel are likely able to absorb the cost asymmetry in the short-run, Greece cannot afford to find itself on the wrong side of the asymmetry curve even if the Israeli systems it is purchasing are cheaper to acquire and operate than their American counterparts.<\/p>\n<p>However, this is only half the picture because, ultimately, a prerequisite to spending billions on interceptors is that they exist in the first place.<\/p>\n<p><u>Issue #2: Potential difficulties with defence procurement <\/u><\/p>\n<p>Conventional military wisdom holds that logistics win wars, resulting in the oft-quoted maxim that \u201camateurs talk about tactics, but professionals study logistics\u201d.<\/p>\n<blockquote><p><em>&#8230;in just the first sixteen days of the conflict, the United States, Israel, the Gulf states, and other allies expended more than 11,000 munitions, with several key types rumoured to be near depletion.<\/em><\/p><\/blockquote>\n<p>Even before the commencement of this latest round of hostilities, US Chairman of the Joint Chiefs of Staff General Dan Caine had expressed his concern over limited stockpiles of critical munitions.<a href=\"#_ftn26\" name=\"_ftnref26\">[26]<\/a> Since then, in just the first sixteen days of the conflict, the United States, Israel, the Gulf states, and other allies expended more than 11,000 munitions, with several key types rumoured to be near depletion.<a href=\"#_ftn27\" name=\"_ftnref27\">[27]<\/a><\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"150\">Interceptor<\/td>\n<td width=\"150\">Munitions used in first 16 days<\/td>\n<td width=\"150\">Inventory prior to current crisis<\/td>\n<td width=\"150\">Percentage of stocks depleted<\/td>\n<\/tr>\n<tr>\n<td width=\"150\">Arrow 2 and Arrow 3<\/td>\n<td width=\"150\">122<\/td>\n<td width=\"150\">150<\/td>\n<td width=\"150\">81.33%<\/td>\n<\/tr>\n<tr>\n<td width=\"150\">Patriot PAC-3<\/td>\n<td width=\"150\">1,804<\/td>\n<td width=\"150\">8,500<\/td>\n<td width=\"150\">21.22%<\/td>\n<\/tr>\n<tr>\n<td width=\"150\">David\u2019s Sling Stunner<\/td>\n<td width=\"150\">135<\/td>\n<td width=\"150\">250<\/td>\n<td width=\"150\">54.00%<\/td>\n<\/tr>\n<tr>\n<td width=\"150\">THAAD<\/td>\n<td width=\"150\">340<\/td>\n<td width=\"150\">748<\/td>\n<td width=\"150\">45.45%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>Figure 3: Percentage of depletion of commonly used interceptors in the current crisis<\/em>.<a href=\"#_ftn28\" name=\"_ftnref28\">[28]<\/a><\/p>\n<p>In the report compiled by the Payne Institute for Public Policy, there are several types of estimated munitions shortages that stand out,<a href=\"#_ftn29\" name=\"_ftnref29\">[29]<\/a> notably the near total depletion of Israel\u2019s Arrow 2 and Arrow 3 interceptors (Israel denies any interceptor shortage)<a href=\"#_ftn30\" name=\"_ftnref30\">[30]<\/a> as well as the high level of depletion (48%) of Terminal High Altitude Area Defence (THAAD) anti-ballistic interceptors across all operators in the region (with each missile costing between $12 and $15 million<a href=\"#_ftn31\" name=\"_ftnref31\">[31]<\/a>) . However, the more pressing issues for Greece are the high consumption of PAC-3 interceptors used by the Patriot system by both the US (16.08% depletion) and the Gulf states (32.13% depletion), and Israel having used an estimated 54% of its David\u2019s Sling munitions.<a href=\"#_ftn32\" name=\"_ftnref32\">[32]<\/a> In fact, the Israeli Defence Forces have stepped up their use of David\u2019s Sling interceptors to counter Iranian threats, in an effort to conserve the more expensive and difficult to manufacture \u00a0Arrow 2 and Arrow 3 munitions (with the attacks on Dimona and Arad being attributed to the failure of the David\u2019s Sling system to successfully neutralize incoming Iranian ballistic missiles).<a href=\"#_ftn33\" name=\"_ftnref33\">[33]<\/a> Overall, the report by the Payne Institute notes that it will likely take years to replace the munitions expended by those engaged in the conflict in a matter of weeks.<a href=\"#_ftn34\" name=\"_ftnref34\">[34]<\/a><\/p>\n<p>Even assuming fair-weather conditions for the production of defence system interceptors, it is clear that the existing industrial capacity is incapable of meeting demand. Increased geopolitical instability in recent years, best evidenced by the proliferation of conflict across various theatres of operation following the post-Cold War lull, as well as the aforementioned shift to \u201cprecise mass\u201d have both substantially increased demand, straining production.<\/p>\n<blockquote><p><em>Industries are unlikely to commit to a massive overhaul of their production lines to meet short-term demand, rather focusing on requirements of militaries during peacetime.<\/em><\/p><\/blockquote>\n<p>The situation is exacerbated by the chronic inconsistency in demand for munitions, especially prior to 2022 and the global increase in defence spending, as there were limited incentives for businesses to ramp up production during times of limited conflict. Essentially, it is inherent in the very nature of the defence industry that increases in production capacity are only required when stockpiles are running low, usually during an active engagement, a fact which further disincentivizes businesses from committing to long-term investments.<a href=\"#_ftn35\" name=\"_ftnref35\">[35]<\/a> Industries are unlikely to commit to a massive overhaul of their production lines to meet short-term demand, rather focusing on requirements of militaries during peacetime.<\/p>\n<p>However, there has also been a clear miscalculation of the operational requirements of protracted engagement by both the United States and Israel regarding the necessary amount of munitions stockpiles.<a href=\"#_ftn36\" name=\"_ftnref36\">[36]<\/a> Indicatively, it was only in January of this year that the United States Department of War and Lockheed Martin agreed to quadruple the production capacity of THAAD interceptors from 96 to 400 per annum.<a href=\"#_ftn37\" name=\"_ftnref37\">[37]<\/a> Prior to February 28<sup>th<\/sup>, the United States military stockpile of these munitions consisted of approximately 500 THAAD interceptors in total, of which just under 200 were expended in just the first sixteen days of the conflict.<a href=\"#_ftn38\" name=\"_ftnref38\">[38]<\/a> Similarly, as mentioned above, Israel is reportedly facing an acute shortage of Arrow interceptors.<\/p>\n<p>The issue of limited production capacity is even more pronounced in export-focused defence industries which must juggle domestic demand (especially when the country is at war) without compromising their ability to fulfil orders from international buyers. This dilemma was laid bare on March 26<sup>th<\/sup> when the Washington Post reported that the Pentagon was considering diverting purchases made by European NATO members, including PAC-3 and THAAD missiles, through NATO\u2019s Prioritised Ukraine Requirements List (PURL) to the Middle East to deal with dwindling supplies of interceptors in the region.<a href=\"#_ftn39\" name=\"_ftnref39\">[39]<\/a>\u00a0 At the time of writing, Israeli defence companies have a reported backlog of orders for their products worth an estimated $80 billion.<a href=\"#_ftn40\" name=\"_ftnref40\">[40]<\/a> While production capacity has been increased significantly over the last three years and there are plans to expand it even further, this remains a time-consuming and costly process.<\/p>\n<p>\u201cTo meet demand, companies will have to make structural changes, open new production lines and factories, and perhaps even acquire additional activities\u201d, said Elbit Systems CEO Bezhalel Machlis when discussing the large volume of orders, adding that &#8220;this requires rethinking the entire supply chain in order to deliver the goods on time\u201d.<a href=\"#_ftn41\" name=\"_ftnref41\">[41]<\/a> And Elbit is not the only Israeli defence company trying to find a way to meet demand. On March 24, it was reported that Rafael Advanced Defence Systems was in negotiations with Volkswagen to convert its Osnabr\u00fcck auto plant to a production centre for components of the Iron Dome defence system, a process that will likely take up to 18 months.<a href=\"#_ftn42\" name=\"_ftnref42\">[42]<\/a> It must be stressed that no Israeli defence company has yet declared force majeure and reneged on its obligations to fulfil its contracts with foreign buyers,<a href=\"#_ftn43\" name=\"_ftnref43\">[43]<\/a> nor does this paper seek to suggest that this is likely in the future. However, especially if hostilities with Iran continue, the potential knock-on effect on Greek planning must be taken into account.<\/p>\n<blockquote><p><em>Greece may find itself having to compete with other bidders for the limited output of the same industrial lines.<\/em><\/p><\/blockquote>\n<p>An additional factor worth noting here is that there is a serious risk that Greece finds itself pushed to the back of the line when looking to acquire munitions. Most of the Gulf states, which face an existential risk if their stockpiles continue to deplete at the current rate, are among the wealthiest in the world. Greece may find itself having to compete with other bidders for the limited output of the same industrial lines.<\/p>\n<p>The situation is further exacerbated when shortages of key materials and components are considered, particularly now that rare earths from China and especially those destined for military use are facing export controls.<a href=\"#_ftn44\" name=\"_ftnref44\">[44]<\/a> Beijing has been accused of \u201cweaponizing\u201d its stranglehold on the processing of rare earths,<a href=\"#_ftn45\" name=\"_ftnref45\">[45]<\/a> and has implemented a policy where licenses must be secured for a list of more than 1,100 dual-use items.<a href=\"#_ftn46\" name=\"_ftnref46\">[46]<\/a> Naturally, the United States has undertaken significant efforts to reduce its dependency on Chinese processed rare earths, including the Pax Silica initiative and strong investment in establishing a complete mine-to-magnet supply chain,<a href=\"#_ftn47\" name=\"_ftnref47\">[47]<\/a> but it will take years to catch up with the mature supply chains of China.<\/p>\n<p>In the short run, however, this means that the production lines of defensive systems are facing a serious shortage of materials, right at the time that both demand for them has increased and stockpiles are being depleted in the Gulf. They include minerals such as gallium, germanium, tungsten, and items such as neodymium magnets.<a href=\"#_ftn48\" name=\"_ftnref48\">[48]<\/a> Just to replace the munitions used in the first 96 hours of the conflict will require approximately 92 tons of copper, 137 kilograms of neodymium, 18 kilograms of gallium, 37 kilograms of tantalum, 7 kilograms of dysprosium, and 600 tons of ammonium perchlorate.<a href=\"#_ftn49\" name=\"_ftnref49\">[49]<\/a> This is without addressing the issue of sulphur, whose shipping and processing has been severely disrupted by the war with Iran.<a href=\"#_ftn50\" name=\"_ftnref50\">[50]<\/a> Sulphur, a key component in the extraction of copper, has seen its price go up by 25% since the war started, exposing yet another weak point in the supply chain and raising concerns that replenishing used military stockpiles will be more expensive than their original price tag.<a href=\"#_ftn51\" name=\"_ftnref51\">[51]<\/a><\/p>\n<blockquote><p><em>&#8230;the global defence industry depends on whether Beijing will seek to step up its control of rare earths in a bid to facilitate any potential hostile action against Taiwan.<\/em><\/p><\/blockquote>\n<p>With China likely doing the \u201cmissile math\u201d vis-\u00e0-vis future US capabilities in the Pacific following the depletion of several key systems,<a href=\"#_ftn52\" name=\"_ftnref52\">[52]<\/a> the global defence industry depends on whether Beijing will seek to step up its control of rare earths in a bid to facilitate any potential hostile action against Taiwan.<\/p>\n<p>Naturally, this means that prices for rare earths not originating from China are significantly higher. For example, dysprosium, a key component of neodymium magnets, processed in North America and the European Union is projected to be eight times more expensive than that offered by China.<a href=\"#_ftn53\" name=\"_ftnref53\">[53]<\/a><\/p>\n<p>Compounded by increased demand from the United States, Israel, and the Gulf States, in order to replenish their exhausted stockpile, it seems likely that prices for interceptors are set to go up.<\/p>\n<blockquote><p><em>&#8230;upstream, even simpler and cheaper products like ammunition are still competing with other major manufacturing products including missile defence interceptors for materials like tungsten, explosives and propellant.<\/em><\/p><\/blockquote>\n<p>One possible solution to counter the increased cost and difficulty in manufacturing sophisticated weaponry would be to concentrate on lower-tech and cheaper alternatives. Notably, the Hellenic Navy frigate HS Psara, in the course of its operation in the Red Sea as part of EUNAVFOR Aspides, engaged two Houthi drones and chose to intercept them using its 127mm naval gun.<a href=\"#_ftn54\" name=\"_ftnref54\">[54]<\/a> Additionally, both the Phalanx CIWS and its land based C-RAM variant have been successful in intercepting drone attacks on key targets during the current conflict in the Gulf.<a href=\"#_ftn55\" name=\"_ftnref55\">[55]<\/a> However, as has been pointed out in an analysis published by the Royal United Services Institute, the supply chain does not differentiate between low-cost ammunition and expensive missile systems.<a href=\"#_ftn56\" name=\"_ftnref56\">[56]<\/a> This means that upstream, even simpler and cheaper products like ammunition are still competing with other major manufacturing products including missile defence interceptors for materials like tungsten, explosives and propellant.<a href=\"#_ftn57\" name=\"_ftnref57\">[57]<\/a><\/p>\n<p>The lack of access to readily available processed rare earths seems to be an increasingly pressing vulnerability in the supply chains of US, European, and Israeli defence industries, something that the European Commission has also pointed out. With production lines already stretched thin, Greece must be aware of the potential pitfalls facing its \u201cAgenda 2030\u201d procurement projects. Without strong domestic production capacity, the country is even more vulnerable to international tremors. Even if all projects are delivered on time without delays, it seems inevitable that costs will be higher than anticipated. The question that remains then is who will bear the brunt of these.<\/p>\n<h2>\u00a0Defence Recommendations<\/h2>\n<p><u>Recommendation #1: \u201cAchilles Shield\u201d and anti-OWA UAV capabilities<\/u><\/p>\n<blockquote><p><em>Even if you are unable, or unwilling, to field a strike force of \u201cprecise mass\u201d, you must be able to defend against it.<\/em><\/p><\/blockquote>\n<p>We are likely witnessing a new era of warfare, in which one-way attack drones are set to become one of the main weapons in the arsenals of state and non-state actors alike. Even if you are unable, or unwilling, to field a strike force of \u201cprecise mass\u201d, you must be able to defend against it.<\/p>\n<p>Admittedly, multi-layered air and missile defence systems will form only one component part of \u201cAchilles Shield\u201d, which is also set to incorporate AI and UAV \u201csoft kill\u201d systems to counter potential threats.<a href=\"#_ftn58\" name=\"_ftnref58\">[58]<\/a> Of the latter, the most notable are the domestically produced Centaurus system, which will be discussed in detail, and the still under development Iperion and Telemachus systems.<\/p>\n<p>However, the question is one of priorities. The need to reinforce the country\u2019s defensive posturing, particularly following the decade-long financial crisis that severely impacted defence spending, is understandable and undoubtedly the addition of the air and missile defence systems will bolster the country\u2019s defensive capabilities.<\/p>\n<p>The issue is that of opportunity cost. The government of Greece and the Hellenic Armed Forces have correctly identified the emerging importance of uncrewed weapons systems in their rhetoric and signalling, featuring significantly in both in \u201cAgenda 2030\u201d and the UVEX 1\/26 naval exercise.<a href=\"#_ftn59\" name=\"_ftnref59\">[59]<\/a><\/p>\n<blockquote><p><em>However, it is interesting that when looking at the numbers this sense of urgency does not seem to have carried over.<\/em><\/p><\/blockquote>\n<p>However, it is interesting that when looking at the numbers this sense of urgency does not seem to have carried over. Out of the announced government\u2019s \u20ac25 billion ten-year plan,<a href=\"#_ftn60\" name=\"_ftnref60\">[60]<\/a> approximately \u20ac3 billion will be spent on the aforementioned Spyder, Barak MX, and David\u2019s Sling systems. By comparison, according to Pantelis Tzortzakis, CEO of the Hellenic Centre for Defence Innovation (HCDI), approximately 800 million will be invested in defence innovation over the next decade.<a href=\"#_ftn61\" name=\"_ftnref61\">[61]<\/a><\/p>\n<p>It is worth noting that the issue of underfunding domestic research and innovation as well as manufacturing is not a future problem, as it has a direct impact on the current production capacity of Hellenic Aerospace Industry, the producer of the aforementioned domestic counter UAV systems. \u201cHAI is a public company, with its pros and cons,\u201d said HAI CEO Alexandros Diakopoulos, adding that \u201cthe advantage is relative job security. The disadvantage is that we cannot offer competitive salaries\u201d.<a href=\"#_ftn62\" name=\"_ftnref62\">[62]<\/a> Non-competitive salaries for one of your main domestic producers of UAV and counter UAV weapon systems does not signal that it is a priority. Additionally, it means that highly trained, specialised, and experienced staff will likely be dissuaded from either staying at HAI or signing up in the first place.<\/p>\n<blockquote><p><em>&#8230;measures it must take measures to ensure that it attracts the best engineers to work on its national security and deterrence capabilities.<\/em><\/p><\/blockquote>\n<p>If Greece is serious about domestically produced counter UAV measures it must take measures to ensure that it attracts the best engineers to work on its national security and deterrence capabilities, including expanding operations by hiring more staff and offering higher salaries. While Greece has already included further development of the Centaurus and Iperion systems in its application to the European Union\u2019s Security Action For Europe (SAFE) application,<a href=\"#_ftn63\" name=\"_ftnref63\">[63]<\/a> a radical overhaul seems to still be required.<\/p>\n<p>Additionally, the entire manufacturing process of the Centaurus system is currently done entirely by HAI, with Diakopoulos not ruling out collaborating with sub-contractors in the future.<a href=\"#_ftn64\" name=\"_ftnref64\">[64]<\/a> With concerns having been raised in the past over HAI\u2019s productive output and track record of delayed orders, perhaps involving the private sector in the production of the C-UAV system, following its development by HAI, will also help ramp up production to ensure Greece is ready.<a href=\"#_ftn65\" name=\"_ftnref65\">[65]<\/a><\/p>\n<blockquote><p><em>The concern is that by the time the air and missile defence systems of Achilles Shield are operational [&#8230;] they may already face quick obsolescence.\u00a0<\/em><\/p><\/blockquote>\n<p>The concern is that by the time the air and missile defence systems of Achilles Shield are operational<strong>, <\/strong>with the risk of both price hikes and delays due to a possible protracted conflict in the Gulf<strong>, <\/strong>they may already face quick obsolescence. \u00a0It is paramount that Greece doubles down on the development and production of counter UAV systems, particularly against the threat of drone saturation (against which the Iperion system is being designed) and support their quick scalability.<\/p>\n<p>An easy counterpoint to the above recommendation would be that the funds to follow through with expanding both the R&amp;D and manufacturing of innovative projects do not exist. But it remains an issue of opportunity cost. For example, the David\u2019s Sling system that Greece is set to acquire is Israel\u2019s domestic replacement for the Patriot system, batteries of which Greece already operates and is considered amongst its most advanced and capable missile defence systems. Considering that the cost of acquiring just this Israeli system is, according to rough estimations, approximately the same as the entire budget for defence innovation, it is worth asking if the opportunity cost of essentially doubling up on similar systems was considered and whether these further funds could have been diverted towards domestic defence innovation and manufacturing. Being prepared for the war of tomorrow will always be a good return on investment.<\/p>\n<p><u>Recommendation #2: Domestic production, cooperation with Ukraine and cost asymmetry<\/u><\/p>\n<blockquote><p><em>When relying on missile interceptors to do the heavy work, as we are witnessing now in the Middle East, the cost asymmetry will always favour the aggressor rather than the defender.<\/em><\/p><\/blockquote>\n<p>The Greek defence budget, while significant in relative terms when expressed as a percentage of GDP, remains relatively modest compared to those of its strategic rivals. When relying on missile interceptors to do the heavy work, as we are witnessing now in the Middle East, the cost asymmetry will always favour the aggressor rather than the defender, partly because the technical demands required of such missiles (including high speed, range, and sophisticated guidance components) make them costly.<a href=\"#_ftn66\" name=\"_ftnref66\">[66]<\/a> Indicatively, in 2024, US budget documents suggest that interceptor missiles are roughly twice as expensive as their offensive counterparts.<a href=\"#_ftn67\" name=\"_ftnref67\">[67]<\/a> To avoid this unfavourable ratio, Greek planners must prioritize high-efficiency but low-cost options to confront possible security threats in the future and ensure that the country has an adequate High-Low mix to respond to possible threats.<\/p>\n<p>This means that Greek planners must ensure that they are in a position to rapidly adopt any significant counter UAV breakthroughs, including laser and microwave technology. Some examples include Lockheed Martin\u2019s High Energy Laser with Integrated Optical-dazzler and Surveillance (HELIOS)<a href=\"#_ftn68\" name=\"_ftnref68\">[68]<\/a>, Epirus\u2019 Leonidas system,<a href=\"#_ftn69\" name=\"_ftnref69\">[69]<\/a> and the under-development DragonFire Laser system.<a href=\"#_ftn70\" name=\"_ftnref70\">[70]<\/a> It can also leverage a blossoming domestic defence technology start-up ecosystem. As noted above, the Greek state also has an actively involvement through HAI in the development of several counter UAV weapons systems.<\/p>\n<blockquote><p><em>The question is whether Greece can take the risk of finding out what happens if its stockpiles run low without the ability to replenish them.<\/em><\/p><\/blockquote>\n<p>The Centaurus system, which has already proven that it can be successful, with three confirmed kills against attacking UAVs in the Red Sea during Operation Aspides and has since been integrated into the Israeli Barak MX system,<a href=\"#_ftn71\" name=\"_ftnref71\">[71]<\/a> is exactly the type of system that the Hellenic Armed Forces should be focusing on. Beyond its operational value however, it is important for another reason. As discussed already, the current war in the Gulf has also emphasized that this new era of war is one where attrition will once more be one of the primary considerations, in which conflict is also a competition of national industrial capacities. The United States, Israel, and Iran, all possess domestic capacity and are, as a result, in a better position to pursue their military goals. On the other hand, the vulnerability of the Gulf states, whose interceptor stockpiles are already running low, has been underlined, dependant as they are on external defence industries to ensure their security. In this case, the risk for these states is minimal as they are secondary, and very unwilling, participants in the conflict and on the same \u2018side\u2019 as their primary suppliers. Additionally, many of them figure among the wealthiest states in the world, giving them options to guarantee that they will have adequate defensive capabilities. \u00a0The question is whether Greece can take the risk of finding out what happens if its stockpiles run low without the ability to replenish them.<\/p>\n<blockquote><p><em>&#8230;much of what we know on how to deal with the threat of OWA UAVs has been learned at the crucible of the Ukrainian frontlines.<\/em><\/p><\/blockquote>\n<p>To further develop its domestic capabilities in this field, Greece must seek to expand co-operation with Ukraine, particularly on the issue of expanding its counter-UAV capabilities. Even more so as Ukraine has tremendous expertise in low-cost interceptors, each with an estimated cost of $3,000 to $5,000, that are crucial as they have been very successful in mitigating the issue of cost asymmetry while maintaining high rates of operational efficiency in defending Ukrainian airspace from UAV strikes, with Ukraine estimated to have produced more than 100,000 them in 2025.<a href=\"#_ftn72\" name=\"_ftnref72\">[72]<\/a> In fact, much of what we know on how to deal with the threat of OWA UAVs has been learned at the crucible of the Ukrainian frontlines.<\/p>\n<p>The incomparable value of the experience of Ukraine\u2019s defence industry, and its drone operators, was emphatically underlined in the first days of the war in the Gulf, when Ukrainian operators were deployed in the Middle East to assist with defending the region from Iranian UAVs.<a href=\"#_ftn73\" name=\"_ftnref73\">[73]<\/a> On Thursday, March 27<sup>th<\/sup>, President Volodymyr Zelensky visited Saudi Arabia where he held several meetings and stressed that \u201cThe key is not only producing new weapons &#8211; especially drones &#8211; not just technology, but also real experience in using it, and integrating it with radars, aviation, and other air defence systems. We have this experience\u201d.<a href=\"#_ftn74\" name=\"_ftnref74\">[74]<\/a> This was followed by the signing of a security agreement in which Ukraine agreed to share its drone defence expertise, underlining the importance of its experience in this new era of war.<a href=\"#_ftn75\" name=\"_ftnref75\">[75]<\/a> \u00a0The BBC reported that several representatives from Saudi Arabia, Qatar, the United Arab Emirates and Kuwait, have approached Ukrainian manufacturers in an attempt to purchase Ukrainian drone interceptors.<\/p>\n<blockquote><p><em>Greece and Ukraine have already signed an agreement to co-produce uncrewed surface vessels at Greek shipyards, providing maritime drones for both the Ukrainian and Greek armed forces.<\/em><\/p><\/blockquote>\n<p>Greece and Ukraine have already signed an agreement to co-produce uncrewed surface vessels at Greek shipyards, providing maritime drones for both the Ukrainian and Greek armed forces.<a href=\"#_ftn76\" name=\"_ftnref76\">[76]<\/a> Expanding this deal to provide a comprehensive framework that will allow for the exchange of technical know-how and field experience must be a priority.<\/p>\n<h2>Conclusion<\/h2>\n<p>The inclusion of modernized air and missile defence systems will undeniably add to Greece\u2019s defensive posturing in the Eastern Mediterranean and will allow it to counter a wide variety of threats. This is true particularly for more traditional and mechanical instruments of war, including ballistic missiles. However, the war in the Gulf suggests that we are moving forward to the era of \u201cprecise mass\u201d, for which these expensive and sophisticated systems are ill equipped.<\/p>\n<p>The main problem is the issue of \u201cmass\u201d. The Patriot and Arrow system are undeniably precise and effective, but they are expensive and hard to produce in volume. Greece must find new and innovative solutions to counter the threat of a high-volume attack. Particularly at a time when there are reasons to be concerned over the viability and sustainability of overstretched supply chains and rising costs.<\/p>\n<p>The fear is that the weapon systems of Achilles Shield will provide a welcome strengthening of Greece\u2019s capabilities, but only in the short term, with the high cost in their acquisition having stymied the opportunity to prepare for the future of warfare.<\/p>\n<p>&nbsp;<\/p>\n<h2>Bibliography<\/h2>\n<p><u>Primary Sources<\/u><\/p>\n<p>\u201cLockheed\u202fMartin and the U.S. Department of War Expand THAAD Interceptor Production\u201d, Lockheed Martin, 29\/1\/2026. <a href=\"https:\/\/www.lockheedmartin.com\/en-us\/news\/features\/2026\/Lockheed-Martin-and-the-U-S-Department-of-War-Expand-THAAD-Interceptor-Production.html\">https:\/\/www.lockheedmartin.com\/en-us\/news\/features\/2026\/Lockheed-Martin-and-the-U-S-Department-of-War-Expand-THAAD-Interceptor-Production.html<\/a><\/p>\n<p>\u201cMissile Interceptors by Cost\u201d, Missile Defense Advocacy Alliance, Accessed 8\/4\/2026<strong>. <\/strong><a href=\"https:\/\/www.missiledefenseadvocacy.org\/missile-defense-systems\/missile-interceptors-by-cost\/\">https:\/\/www.missiledefenseadvocacy.org\/missile-defense-systems\/missile-interceptors-by-cost\/<\/a><\/p>\n<p>\u201cPress Release by the Ministry of National Defence regarding press reports, and replying to questions by journalists on the meeting of Wednesday\u201d, Hellenic Ministry of National Defence, 19\/6\/2025. <a href=\"https:\/\/www.mod.mil.gr\/en\/press-release-by-the-ministry-of-national-defence-regarding-press\/\">https:\/\/www.mod.mil.gr\/en\/press-release-by-the-ministry-of-national-defence-regarding-press\/<\/a><\/p>\n<p><u>Secondary Sources<\/u><\/p>\n<p>Amoah, Macdonald, Bazilian, Morgan D., and Lieutenant Colonel Matisek, Jahara, \u201cOver 5,000 Munitions Shot in the First 96 Hours of the Iran War\u201d, Foreign Policy Research Institute, 3\/2026, <a href=\"https:\/\/www.fpri.org\/article\/2026\/03\/over-5000-munitions-shot-in-the-first-96-hours-of-the-iran-war\/\">https:\/\/www.fpri.org\/article\/2026\/03\/over-5000-munitions-shot-in-the-first-96-hours-of-the-iran-war\/<\/a><\/p>\n<p>Amoah, Macdonald, Bazilian, Morgan D., and Lieutenant Colonel Matisek, Jahara, \u201cOver 11,000 munitions in 16 Days of the Iran War: \u2018Command of the Reload\u2019 Governs Endurance\u201d, Royal United Services Institute, 24\/3\/2026. <a href=\"https:\/\/www.rusi.org\/explore-our-research\/publications\/commentary\/over-11000-munitions-16-days-iran-war-command-reload-governs-endurance\">https:\/\/www.rusi.org\/explore-our-research\/publications\/commentary\/over-11000-munitions-16-days-iran-war-command-reload-governs-endurance<\/a><\/p>\n<p>Baskaran, Gracelin, \u201cChina\u2019s New Rare Earth and Magnet Restrictions Threaten U.S. Defense Supply Chains\u201d, Center for Strategic &amp; International Studies, 9\/10\/2025. <a href=\"https:\/\/www.csis.org\/analysis\/chinas-new-rare-earth-and-magnet-restrictions-threaten-us-defense-supply-chains\">https:\/\/www.csis.org\/analysis\/chinas-new-rare-earth-and-magnet-restrictions-threaten-us-defense-supply-chains<\/a><\/p>\n<p>Boyd, Iain, \u201cNot just Patriot interceptors: A defense expert explains the various weapons US and allies use to defend against missiles and\u00a0drones\u201d, The Conversation, 12\/3\/2026.<\/p>\n<p>Cancian, Mark F., Park, Chris H., \u201cThe 850 Tomahawks Launched in Operation Epic Fury Is the Most Fired in a Single Campaign \u201c, Center for Strategic &amp; International Studies, 27\/3\/2026.<\/p>\n<p>Cicurel, Ari, \u201cBurn Rate: Missile and Interceptor Cost Estimates During the U.S.-Israel-Iran War\u201d, The Jewish Institute for National Security of America, 21\/7\/2025. <a href=\"https:\/\/jinsa.org\/wp-content\/uploads\/2025\/07\/Cost-Estimates-During-the-U.S.-Israel-Iran-War-07-21-25.pdf\">https:\/\/jinsa.org\/wp-content\/uploads\/2025\/07\/Cost-Estimates-During-the-U.S.-Israel-Iran-War-07-21-25.pdf<\/a><\/p>\n<p>Crebo-Rediker, Heidi E., Khan, Mahnaz, \u201cLeapfrogging China\u2019s Critical Minerals Dominance: How Innovation Can Secure U.S. Supply Chain\u201d, Council on Foreign Relations, 2\/2026. <a href=\"https:\/\/www.cfr.org\/reports\/leapfrogging-chinas-critical-minerals-dominance\">https:\/\/www.cfr.org\/reports\/leapfrogging-chinas-critical-minerals-dominance<\/a><\/p>\n<p>Ekmetsioglou, Eleni, \u201cThe French Doctrine of Forward Defense: Continuity and changes in France\u2019s Nuclear Doctrinal Thinking \u201c, The Hellenic Foundation for European &amp; Foreign Policy, 5\/3\/2026. <a href=\"https:\/\/www.eliamep.gr\/en\/the-french-doctrine-of-forward-defense-continuity-and-change-s-in-frances-nuclear-doctrinal-thinking-and-the-spill-over-potential-of-epaulement-eliameps-experts-share-th\/\">https:\/\/www.eliamep.gr\/en\/the-french-doctrine-of-forward-defense-continuity-and-change-s-in-frances-nuclear-doctrinal-thinking-and-the-spill-over-potential-of-epaulement-eliameps-experts-share-th\/<\/a><\/p>\n<p>Jensen, Benjamin, Atalan, Yasir \u201cDrone Saturation: Russia\u2019s Shahed Campaign\u201d, Center For Strategic &amp; International Studies, 13\/5\/2025. <strong>\u00a0<\/strong><a href=\"https:\/\/www.csis.org\/analysis\/drone-saturation-russias-shahed-campaign\">https:\/\/www.csis.org\/analysis\/drone-saturation-russias-shahed-campaign<\/a><\/p>\n<p>Horowitz, Michael C., &#8220;Battles of Precise Mass&#8221;, Foreign Affairs, 22\/10\/2024. <a href=\"https:\/\/www.foreignaffairs.com\/world\/battles-precise-mass-technology-war-horowitz\">https:\/\/www.foreignaffairs.com\/world\/battles-precise-mass-technology-war-horowitz<\/a>.<\/p>\n<p>Horowitz, Michael C., Kahn, Lauren, \u201cFirst Ukraine, Now Iran: A New Era of Drone Warfare Takes Hold\u201d, Council on Foreign Relations, 9\/3\/2026. <a href=\"https:\/\/www.cfr.org\/articles\/the-new-era-of-drone-warfare-takes-root-in-iran\">https:\/\/www.cfr.org\/articles\/the-new-era-of-drone-warfare-takes-root-in-iran<\/a><\/p>\n<p>Kalisky, Yehoshua, Hazan, Iky, \u201cInnovative Systems for Neutralizing Drone and UAV Swarms\u201d, The Institute for National Security Studies, 11\/12\/2025.<\/p>\n<p>Kremidas-Courtney, Chris, \u201cHow to Spend It: European Defence for the age of mass precision\u201d, European Policy Centre, 31\/3\/2025. <a href=\"https:\/\/d1xp398qalq39s.cloudfront.net\/content\/How_to_Spend_it_Chris_Kremidas-Courtney.pdf\">https:\/\/d1xp398qalq39s.cloudfront.net\/content\/How_to_Spend_it_Chris_Kremidas-Courtney.pdf<\/a><\/p>\n<p>McAuliffe, Amy, \u201cRussia\u2019s drone pipeline: How Iran helps Moscow produce an ever\u2011evolving unmanned fleet\u201d, The<em> Conversation<\/em>, 28\/1\/2026. <a href=\"https:\/\/theconversation.com\/russias-drone-pipeline-how-iran-helps-moscow-produce-an-ever-evolving-unmanned-fleet-272016\">https:\/\/theconversation.com\/russias-drone-pipeline-how-iran-helps-moscow-produce-an-ever-evolving-unmanned-fleet-272016<\/a><\/p>\n<p>Moore, Johanna, \u201cAdversary Entente Cooperation at Russia\u2019s Shahed Factory Threatens Global Security\u201d, Institute for the Study of War, 21\/11\/2025. <a href=\"https:\/\/understandingwar.org\/research\/adversary-entente\/adversary-entente-cooperation-at-russias-shahed-factory-threatens-global-security\/\">https:\/\/understandingwar.org\/research\/adversary-entente\/adversary-entente-cooperation-at-russias-shahed-factory-threatens-global-security\/<\/a><\/p>\n<p>Rt. Hon. de Santiago, Rafael Hern\u00e1ndez, \u201cThe Price of Escalation: Accounting for the Military Costs of the 2025 Israel Iran Conflict\u201d, Gulf Research Centre, 18\/6\/2025. <a href=\"https:\/\/www.grc.net\/single-commentary\/270\">https:\/\/www.grc.net\/single-commentary\/270<\/a><\/p>\n<p>Rumbaugh, Wes, \u201cCost and Value in Air and Missile Defense Intercepts\u201d, Center for Strategic &amp; International Sudies, 13\/2\/2024.<\/p>\n<p>Rumbaugh, Wes, \u201cThe Depleting Missile Defense Interceptor Inventory\u201d, Center for Strategic &amp; International Studies, 5\/12\/2025. <a href=\"https:\/\/www.csis.org\/analysis\/depleting-missile-defense-interceptor-inventory#h2-anteing-up\">https:\/\/www.csis.org\/analysis\/depleting-missile-defense-interceptor-inventory#h2-anteing-up<\/a><\/p>\n<p>Tikkast, Robert, \u201cA Decade-Long Struggle to Thwart Iran\u2019s Drones Carries Warnings for the UK\u201d, Royal United Services Institute, 25\/3\/2026. <a href=\"https:\/\/www.rusi.org\/explore-our-research\/publications\/commentary\/decade-long-struggle-thwart-irans-drones-carries-warnings-uk\">https:\/\/www.rusi.org\/explore-our-research\/publications\/commentary\/decade-long-struggle-thwart-irans-drones-carries-warnings-uk<\/a><strong>\u00a0<\/strong><\/p>\n<p>Zakaria, Fareed, \u201cIran and the New Arithmetic of War\u201d, Foreign Policy, 20\/3\/2026. <a href=\"https:\/\/foreignpolicy.com\/2026\/03\/20\/iran-drone-war-lessons-fareed-zakaria\/\">https:\/\/foreignpolicy.com\/2026\/03\/20\/iran-drone-war-lessons-fareed-zakaria\/<\/a><\/p>\n<p><u>News <\/u><\/p>\n<p>Arranz, Adolfo, Levine, Ally J., Aluckal, Arathy J, Stone, Mike, Kiyada, Sudev, Huang, Han and Hartman, Travis, \u201cCheap drones are reshaping the war in the sky\u201d, Reuters, 17\/3\/2026. <a href=\"https:\/\/www.reuters.com\/graphics\/IRAN-CRISIS\/DRONES\/dwpkyamxqpm\/\">https:\/\/www.reuters.com\/graphics\/IRAN-CRISIS\/DRONES\/dwpkyamxqpm\/<\/a><\/p>\n<p>Bird, Matthew, \u201cEx-China rare earths premium to grow, especially for heavies\u201d, Benchmark Minerals, 24\/3\/2026. <a href=\"https:\/\/source.benchmarkminerals.com\/article\/ex-china-rare-earths-premium-to-grow-especially-for-heavies\">https:\/\/source.benchmarkminerals.com\/article\/ex-china-rare-earths-premium-to-grow-especially-for-heavies<\/a><\/p>\n<p>Bodkin, Henry, \u201cIsrael denies \u2018running out\u2019 of missile interceptors\u201d, The Telegraph, 15\/3\/2026. <a href=\"https:\/\/www.telegraph.co.uk\/world-news\/2026\/03\/15\/israel-denies-it-is-running-out-of-missile-interceptors\/\">https:\/\/www.telegraph.co.uk\/world-news\/2026\/03\/15\/israel-denies-it-is-running-out-of-missile-interceptors\/<\/a><\/p>\n<p>Britzky, Haley, \u201cUS sets up one-way attack drone squadron in the Middle East after reverse-engineering Iranian drone\u201d, CNN, 3\/12\/2025. <a href=\"https:\/\/edition.cnn.com\/2025\/12\/03\/politics\/drones-us-iran-middle-east\">https:\/\/edition.cnn.com\/2025\/12\/03\/politics\/drones-us-iran-middle-east<\/a><\/p>\n<p>Fabian, Emanuel, \u201cDavid\u2019s Sling system failed to down Iranian ballistic missiles that struck southern towns \u2013 IDF\u201d, The Times of Israel, 23\/3\/2026. <a href=\"https:\/\/www.timesofisrael.com\/liveblog_entry\/davids-sling-system-failed-to-down-iranian-ballistic-missiles-that-struck-southern-towns-idf\/\">https:\/\/www.timesofisrael.com\/liveblog_entry\/davids-sling-system-failed-to-down-iranian-ballistic-missiles-that-struck-southern-towns-idf\/<\/a><\/p>\n<p>Foroohar, Rana, \u201cIran war will leave a complex geoeconomic legacy\u201d, The Financial Times, 9\/3\/2026. <a href=\"https:\/\/www.ft.com\/content\/d2b243b8-0a36-4f48-b431-53101bea9699?ac\">https:\/\/www.ft.com\/content\/d2b243b8-0a36-4f48-b431-53101bea9699?ac<\/a><\/p>\n<p>Frantzman, Seth J., \u201cDespite war, Israel\u2019s IAI hits record backlog for orders, sees IPO as \u2018essential\u2019: CEO\u201d, Breaking Defense, 19\/3\/2026. <a href=\"https:\/\/breakingdefense.com\/2025\/03\/despite-war-israels-iai-hits-record-backlog-for-orders-sees-ipo-as-essential-ceo\/\">https:\/\/breakingdefense.com\/2025\/03\/despite-war-israels-iai-hits-record-backlog-for-orders-sees-ipo-as-essential-ceo\/<\/a><\/p>\n<p>Habib-Valdhorn, Shiri, Vaizberg, Meytal, \u201cIsrael\u2019s defense companies report record $80 billion backlog as global demand surges\u201d, The Jerusalem Post, 19\/3\/2026. <a href=\"https:\/\/www.jpost.com\/defense-and-tech\/article-890501\">https:\/\/www.jpost.com\/defense-and-tech\/article-890501<\/a><\/p>\n<p>Hudson, John, \u201cTrump\u2019s top general foresees acute risks in an attack on Iran\u201d, The Washington Post, 23\/2\/2026. <a href=\"https:\/\/www.washingtonpost.com\/national-security\/2026\/02\/23\/dan-caine-iran-risk-trump\/\">https:\/\/www.washingtonpost.com\/national-security\/2026\/02\/23\/dan-caine-iran-risk-trump\/<\/a><\/p>\n<p>Ioannidis, Stavros, \u201cGreek Centauros anti-drone system joins Israeli missile shield\u00a0\u201c, eKathimerini, 2\/2\/2026. <a href=\"https:\/\/www.ekathimerini.com\/economy\/1294259\/greek-centauros-anti-drone-system-joins-israeli-missile-shield\/\">https:\/\/www.ekathimerini.com\/economy\/1294259\/greek-centauros-anti-drone-system-joins-israeli-missile-shield\/<\/a><\/p>\n<p>Stavros Ioannidis, \u201cSAFE: \u0391\u03af\u03c4\u03b7\u03bc\u03b1 \u03b3\u03b9\u03b1 \u03ad\u03be\u03b9 \u03c0\u03c1\u03bf\u03b3\u03c1\u03ac\u03bc\u03bc\u03b1\u03c4\u03b1 \u03c5\u03c0\u03ad\u03b2\u03b1\u03bb\u03b5 \u03b7 \u0391\u03b8\u03ae\u03bd\u03b1 \u2013 \u03a0\u03bf\u03b9\u03b1 \u03b5\u03af\u03bd\u03b1\u03b9 \u03c4\u03b1 \u03b5\u03c0\u03cc\u03bc\u03b5\u03bd\u03b1 \u03b2\u03ae\u03bc\u03b1\u03c4\u03b1\u201d, Kathimerini, 9\/1\/2026. <a href=\"https:\/\/www.kathimerini.gr\/politics\/amyna\/564012973\/safe-aitima-gia-exi-programmata-ypevale-i-athina-poia-einai-ta-epomena-vimata\/\">https:\/\/www.kathimerini.gr\/politics\/amyna\/564012973\/safe-aitima-gia-exi-programmata-ypevale-i-athina-poia-einai-ta-epomena-vimata\/<\/a><\/p>\n<p>Ioannidis, Stavros, \u201c\u03a6\u03c1\u03b5\u03b3\u03ac\u03c4\u03b1 \u00ab\u03a8\u03b1\u03c1\u03ac\u00bb: \u0397 \u03c3\u03c4\u03b9\u03b3\u03bc\u03ae \u03c4\u03b7\u03c2 \u03ba\u03b1\u03c4\u03ac\u03c1\u03c1\u03b9\u03c8\u03b7\u03c2 drone \u03c4\u03c9\u03bd \u03a7\u03bf\u03cd\u03b8\u03b9\u201d, Kathimerini, 8\/7\/2024. <a href=\"https:\/\/www.kathimerini.gr\/politics\/foreign-policy\/563115880\/fregata-psara-i-stigmi-tis-katarripsi-drone-ton-choythi\/\">https:\/\/www.kathimerini.gr\/politics\/foreign-policy\/563115880\/fregata-psara-i-stigmi-tis-katarripsi-drone-ton-choythi\/<\/a><\/p>\n<p>Kalaitzi, Alexia, \u201cInside the brain of Greece\u2019s cutting-edge drone hunter\u201d, eKathimerini, 18\/3\/2026. <a href=\"https:\/\/www.ekathimerini.com\/economy\/1298409\/inside-the-brain-of-greeces-cutting-edge-drone-hunter\/\">https:\/\/www.ekathimerini.com\/economy\/1298409\/inside-the-brain-of-greeces-cutting-edge-drone-hunter\/<\/a><\/p>\n<p>Livingstone, Katie, \u201cNovel interceptor drones bend air-defense economics in Ukraine\u2019s favor\u201d, DefenseNews, 5\/3\/2026. <a href=\"https:\/\/www.defensenews.com\/global\/europe\/2026\/03\/05\/novel-interceptor-drones-bend-air-defense-economics-in-ukraines-favor\/\">https:\/\/www.defensenews.com\/global\/europe\/2026\/03\/05\/novel-interceptor-drones-bend-air-defense-economics-in-ukraines-favor\/<\/a><\/p>\n<p>Low, Matthew, \u201cRussia is pushing to build 1,000 of its localized Iranian Shahed drones every day, Ukraine&#8217;s military chief says\u201d, Business Insider, 19\/1\/2026.<\/p>\n<p>Marusic, Damir, \u201cIran\u2019s cheap, deadly drones have done the U.S. a favor\u201d, Washington Post, 23\/3\/2026. <a href=\"https:\/\/www.washingtonpost.com\/opinions\/2026\/03\/23\/iran-war-shahed-drone-military\/\">https:\/\/www.washingtonpost.com\/opinions\/2026\/03\/23\/iran-war-shahed-drone-military\/<\/a><\/p>\n<p>Nedos, Vassilis, \u201cAI to power Greece\u2019s Achilles\u2019 Shield\u201d, eKathimerini, 13\/2\/2026. <a href=\"https:\/\/www.ekathimerini.com\/politics\/foreign-policy\/1295178\/ai-to-power-greeces-achilles-shield\/\">https:\/\/www.ekathimerini.com\/politics\/foreign-policy\/1295178\/ai-to-power-greeces-achilles-shield\/<\/a><\/p>\n<p>Nedos, Vassillis, \u201cAthens and Kyiv seal naval drone deal\u201d, eKathimerini, 18\/11\/2025. <a href=\"https:\/\/www.ekathimerini.com\/politics\/foreign-policy\/1287050\/athens-and-kyiv-seal-naval-drone-deal\/\">https:\/\/www.ekathimerini.com\/politics\/foreign-policy\/1287050\/athens-and-kyiv-seal-naval-drone-deal\/<\/a><\/p>\n<p>Papadimas, Lefteris, \u201cAnti-drone system propels Greek plans for home-grown defence industry\u201d, Reuters, 6\/8\/2025. <a href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/anti-drone-system-propels-greek-plans-home-grown-defence-industry-2025-08-05\/\">https:\/\/www.reuters.com\/business\/aerospace-defense\/anti-drone-system-propels-greek-plans-home-grown-defence-industry-2025-08-05\/<\/a><\/p>\n<p>Pitel, Laura, Chassany, Anne-Sylvaine, Ash, Sebastien, \u201cVW in talks with Israel\u2019s Iron Dome maker to shift from cars to missile defence\u201d, The Financial Times, 24\/3\/2026.<\/p>\n<p>Robertson, Noah, Francis, Ellen, \u201cPentagon considers diverting Ukraine military aid to the Middle East\u201c, The Washington Post, 26\/3\/2026. <a href=\"https:\/\/www.washingtonpost.com\/national-security\/2026\/03\/26\/us-iran-war-ukraine-missile-defense\/\">https:\/\/www.washingtonpost.com\/national-security\/2026\/03\/26\/us-iran-war-ukraine-missile-defense\/<\/a><\/p>\n<p>Shevchenko, Vitaly, \u201cUkraine signs deal with Saudi Arabia offering drone expertise\u201d, BBC, 27\/3\/2026. <a href=\"https:\/\/www.bbc.com\/news\/articles\/cx2r4wxdw3no\">https:\/\/www.bbc.com\/news\/articles\/cx2r4wxdw3no<\/a><\/p>\n<p>Velissaropoulos, Pantelis, \u201c\u0395\u0391\u0392, drones, \u03ba\u03b1\u03b9 anti-drones\u201d, Kathimerini, 20\/3\/2026.<\/p>\n<p>Wilson, Jason, \u201cWest Point analysis warns that strait of Hormuz blockade will strangle US defense industry\u201d, 19\/3\/2026. <a href=\"https:\/\/www.theguardian.com\/world\/2026\/mar\/19\/west-point-analysis-iran-war-costs\">https:\/\/www.theguardian.com\/world\/2026\/mar\/19\/west-point-analysis-iran-war-costs<\/a><\/p>\n<p>\u201cChina imposes export controls on 20 Japanese entities to curb \u2018remilitarisation\u2019\u201d, Reuters, 24\/2\/2026. <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/china-adds-20-japanese-entities-export-control-list-2026-02-24\/\">https:\/\/www.reuters.com\/world\/asia-pacific\/china-adds-20-japanese-entities-export-control-list-2026-02-24\/<\/a><\/p>\n<p>Greece to spend 25 billion euros as part of multi-year defence plan\u201d, Reuters, 2\/4\/2025. <a href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/greece-spend-25-billion-euros-part-multi-year-defence-plan-2025-04-02\/\">https:\/\/www.reuters.com\/business\/aerospace-defense\/greece-spend-25-billion-euros-part-multi-year-defence-plan-2025-04-02\/<\/a><\/p>\n<p>\u201cGreek security council approves purchase of air defense system, upgrade of F-16 jets\u201d, eKathimerini, 23\/3\/2026. <a href=\"https:\/\/www.ekathimerini.com\/politics\/foreign-policy\/1298927\/greek-security-council-approves-purchase-of-air-defense-system-upgrade-of-f-16-jets\/\">https:\/\/www.ekathimerini.com\/politics\/foreign-policy\/1298927\/greek-security-council-approves-purchase-of-air-defense-system-upgrade-of-f-16-jets\/<\/a><\/p>\n<p>Ukraine war briefing: Kyiv deploys 200 anti-drone experts to Middle East\u201d, The Guardian, 18\/3\/2026. <a href=\"https:\/\/www.theguardian.com\/world\/2026\/mar\/18\/ukraine-war-briefing-kyiv-deploys-200-anti-drone-experts-to-middle-east\">https:\/\/www.theguardian.com\/world\/2026\/mar\/18\/ukraine-war-briefing-kyiv-deploys-200-anti-drone-experts-to-middle-east<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"#_ftnref1\" name=\"_ftn1\">[1]<\/a> Rana Foroohar, \u201cIran war will leave a complex geoeconomic legacy\u201d, The Financial Times, 9\/3\/2026. <a href=\"https:\/\/www.ft.com\/content\/d2b243b8-0a36-4f48-b431-53101bea9699?ac\">https:\/\/www.ft.com\/content\/d2b243b8-0a36-4f48-b431-53101bea9699?ac<\/a><\/p>\n<p><a href=\"#_ftnref2\" name=\"_ftn2\">[2]<\/a> Eleni Ekmetsioglou, \u201cThe French Doctrine of Forward Defense: Continuity and changes in France\u2019s Nuclear Doctrinal Thinking \u201c, The Hellenic Foundation for European &amp; Foreign Policy, 5\/3\/2026. <a href=\"https:\/\/www.eliamep.gr\/en\/the-french-doctrine-of-forward-defense-continuity-and-change-s-in-frances-nuclear-doctrinal-thinking-and-the-spill-over-potential-of-epaulement-eliameps-experts-share-th\/\">https:\/\/www.eliamep.gr\/en\/the-french-doctrine-of-forward-defense-continuity-and-change-s-in-frances-nuclear-doctrinal-thinking-and-the-spill-over-potential-of-epaulement-eliameps-experts-share-th\/<\/a><\/p>\n<p><a href=\"#_ftnref3\" name=\"_ftn3\">[3]<\/a> Mark F. Cancian, Chris H. Park, \u201cThe 850 Tomahawks Launched in Operation Epic Fury Is the Most Fired in a Single Campaign \u201c, Center for Strategic &amp; International Studies, 27\/3\/2026.<\/p>\n<p><a href=\"#_ftnref4\" name=\"_ftn4\">[4]<\/a> Michael C. Horowitz, &#8220;Battles of Precise Mass&#8221;, Foreign Affairs, 22\/10\/2024. <a href=\"https:\/\/www.foreignaffairs.com\/world\/battles-precise-mass-technology-war-horowitz\">https:\/\/www.foreignaffairs.com\/world\/battles-precise-mass-technology-war-horowitz<\/a>.<\/p>\n<p><a href=\"#_ftnref5\" name=\"_ftn5\">[5]<\/a> <em>Ibid<\/em>.<\/p>\n<p><a href=\"#_ftnref6\" name=\"_ftn6\">[6]<\/a> Amy McAuliffe, \u201cRussia\u2019s drone pipeline: How Iran helps Moscow produce an ever\u2011evolving unmanned fleet\u201d, <em>The Conversation<\/em>, 28\/1\/2026. <a href=\"https:\/\/theconversation.com\/russias-drone-pipeline-how-iran-helps-moscow-produce-an-ever-evolving-unmanned-fleet-272016\">https:\/\/theconversation.com\/russias-drone-pipeline-how-iran-helps-moscow-produce-an-ever-evolving-unmanned-fleet-272016<\/a><\/p>\n<p><a href=\"#_ftnref7\" name=\"_ftn7\">[7]<\/a> Haley Britzky, \u201cUS sets up one-way attack drone squadron in the Middle East after reverse-engineering Iranian drone\u201d, CNN, 3\/12\/2025. <a href=\"https:\/\/edition.cnn.com\/2025\/12\/03\/politics\/drones-us-iran-middle-east\">https:\/\/edition.cnn.com\/2025\/12\/03\/politics\/drones-us-iran-middle-east<\/a><\/p>\n<p><a href=\"#_ftnref8\" name=\"_ftn8\">[8]<\/a> Adolfo Arranz, Ally J. Levine, Arathy J Aluckal, Mike Stone, Sudev Kiyada, Han Huang and Travis Hartman, \u201cCheap drones are reshaping the war in the sky\u201d, Reuters, 17\/3\/2026. <a href=\"https:\/\/www.reuters.com\/graphics\/IRAN-CRISIS\/DRONES\/dwpkyamxqpm\/\">https:\/\/www.reuters.com\/graphics\/IRAN-CRISIS\/DRONES\/dwpkyamxqpm\/<\/a><\/p>\n<p><a href=\"#_ftnref9\" name=\"_ftn9\">[9]<\/a> Michael C. Horowitz, Lauren Kahn, \u201cFirst Ukraine, Now Iran: A New Era of Drone Warfare Takes Hold\u201d, Council on Foreign Relations, 9\/3\/2026. <a href=\"https:\/\/www.cfr.org\/articles\/the-new-era-of-drone-warfare-takes-root-in-iran\">https:\/\/www.cfr.org\/articles\/the-new-era-of-drone-warfare-takes-root-in-iran<\/a><\/p>\n<p><a href=\"#_ftnref10\" name=\"_ftn10\">[10]<\/a> Johanna Moore, \u201cAdversary Entente Cooperation at Russia\u2019s Shahed Factory Threatens Global Security\u201d, Institute for the Study of War, 21\/11\/2025. <a href=\"https:\/\/understandingwar.org\/research\/adversary-entente\/adversary-entente-cooperation-at-russias-shahed-factory-threatens-global-security\/\">https:\/\/understandingwar.org\/research\/adversary-entente\/adversary-entente-cooperation-at-russias-shahed-factory-threatens-global-security\/<\/a><\/p>\n<p><a href=\"#_ftnref11\" name=\"_ftn11\">[11]<\/a> Matthew Low, \u201cRussia is pushing to build 1,000 of its localized Iranian Shahed drones every day, Ukraine&#8217;s military chief says\u201d, Business Insider, 19\/1\/2026. <a href=\"https:\/\/www.businessinsider.com\/ukraine-oleksandr-syrskyi-russia-1000-shahed-per-day-2026-1\">https:\/\/www.businessinsider.com\/ukraine-oleksandr-syrskyi-russia-1000-shahed-per-day-2026-1<\/a><\/p>\n<p><a href=\"#_ftnref12\" name=\"_ftn12\">[12]<\/a> Fareed Zakaria, \u201cIran and the New Arithmetic of War\u201d, Foreign Policy, 20\/3\/2026. https:\/\/foreignpolicy.com\/2026\/03\/20\/iran-drone-war-lessons-fareed-zakaria\/<\/p>\n<p><a href=\"#_ftnref13\" name=\"_ftn13\">[13]<\/a> <em>Ibid<\/em>.<\/p>\n<p><a href=\"#_ftnref14\" name=\"_ftn14\">[14]<\/a> Benjamin Jensen, Yasir Atalan, \u201cDrone Saturation: Russia\u2019s Shahed Campaign\u201d, Center For Strategic &amp; International Studies, 13\/5\/2025. <strong>\u00a0<\/strong><a href=\"https:\/\/www.csis.org\/analysis\/drone-saturation-russias-shahed-campaign\">https:\/\/www.csis.org\/analysis\/drone-saturation-russias-shahed-campaign<\/a><\/p>\n<p><a href=\"#_ftnref15\" name=\"_ftn15\">[15]<\/a> Damir Marusic, \u201cIran\u2019s cheap, deadly drones have done the U.S. a favor\u201d, Washington Post, March 23, 2026. <a href=\"https:\/\/www.washingtonpost.com\/opinions\/2026\/03\/23\/iran-war-shahed-drone-military\/\">https:\/\/www.washingtonpost.com\/opinions\/2026\/03\/23\/iran-war-shahed-drone-military\/<\/a><\/p>\n<p><a href=\"#_ftnref16\" name=\"_ftn16\">[16]<\/a> Chris Kremidas-Courtney, \u201cHow to Spend It: European Defence for the age of mass precision\u201d, European Policy Centre, 31\/3\/2025. <a href=\"https:\/\/d1xp398qalq39s.cloudfront.net\/content\/How_to_Spend_it_Chris_Kremidas-Courtney.pdf\">https:\/\/d1xp398qalq39s.cloudfront.net\/content\/How_to_Spend_it_Chris_Kremidas-Courtney.pdf<\/a><\/p>\n<p><a href=\"#_ftnref17\" name=\"_ftn17\">[17]<\/a> Rt. Hon. Rafael Hern\u00e1ndez de Santiago, \u201cThe Price of Escalation: Accounting for the Military Costs of the 2025 Israel Iran Conflict\u201d, Gulf Research Centre, 18\/6\/2025. <a href=\"https:\/\/www.grc.net\/single-commentary\/270\">https:\/\/www.grc.net\/single-commentary\/270<\/a><\/p>\n<p><a href=\"#_ftnref18\" name=\"_ftn18\">[18]<\/a> \u201cMissile Interceptors by Cost\u201d, Missile Defense Advocacy Alliance, Accessed 8\/4\/2026<strong>. <\/strong><a href=\"https:\/\/www.missiledefenseadvocacy.org\/missile-defense-systems\/missile-interceptors-by-cost\/\">https:\/\/www.missiledefenseadvocacy.org\/missile-defense-systems\/missile-interceptors-by-cost\/<\/a><\/p>\n<p><a href=\"#_ftnref19\" name=\"_ftn19\">[19]<\/a> Information from: Ari Cicurel, \u201cBurn Rate: Missile and Interceptor Cost Estimates During the U.S.-Israel-Iran War\u201d, The Jewish Institute for National Security of America, 21\/7\/2025. <a href=\"https:\/\/jinsa.org\/wp-content\/uploads\/2025\/07\/Cost-Estimates-During-the-U.S.-Israel-Iran-War-07-21-25.pdf\">https:\/\/jinsa.org\/wp-content\/uploads\/2025\/07\/Cost-Estimates-During-the-U.S.-Israel-Iran-War-07-21-25.pdf<\/a><\/p>\n<p><a href=\"#_ftnref20\" name=\"_ftn20\">[20]<\/a> Macdonald Amoah, Morgan D. Bazilian and Lieutenant Colonel Jahara Matisek, \u201cOver 11,000 munitions in 16 Days of the Iran War: \u2018Command of the Reload\u2019 Governs Endurance\u201d, Royal United Services Institute, 24\/3\/2026. <a href=\"https:\/\/www.rusi.org\/explore-our-research\/publications\/commentary\/over-11000-munitions-16-days-iran-war-command-reload-governs-endurance\">https:\/\/www.rusi.org\/explore-our-research\/publications\/commentary\/over-11000-munitions-16-days-iran-war-command-reload-governs-endurance<\/a><\/p>\n<p><a href=\"#_ftnref21\" name=\"_ftn21\">[21]<\/a> Horowitz, Kahn, \u201cFirst Ukraine, Now Iran\u201d, CFR.<\/p>\n<p><a href=\"#_ftnref22\" name=\"_ftn22\">[22]<\/a> Emanuel Fabian, \u201cDavid\u2019s Sling system failed to down Iranian ballistic missiles that struck southern towns \u2013 IDF\u201d, The Times of Israel, 23\/3\/2026. <a href=\"https:\/\/www.timesofisrael.com\/liveblog_entry\/davids-sling-system-failed-to-down-iranian-ballistic-missiles-that-struck-southern-towns-idf\/\">https:\/\/www.timesofisrael.com\/liveblog_entry\/davids-sling-system-failed-to-down-iranian-ballistic-missiles-that-struck-southern-towns-idf\/<\/a><\/p>\n<p><a href=\"#_ftnref23\" name=\"_ftn23\">[23]<\/a> \u201cGreek security council approves purchase of air defense system, upgrade of F-16 jets\u201d, eKathimerini, 23\/3\/2026. <a href=\"https:\/\/www.ekathimerini.com\/politics\/foreign-policy\/1298927\/greek-security-council-approves-purchase-of-air-defense-system-upgrade-of-f-16-jets\/\">https:\/\/www.ekathimerini.com\/politics\/foreign-policy\/1298927\/greek-security-council-approves-purchase-of-air-defense-system-upgrade-of-f-16-jets\/<\/a><\/p>\n<p><a href=\"#_ftnref24\" name=\"_ftn24\">[24]<\/a> \u201cPress Release by the Ministry of National Defence regarding press reports, and replying to questions by journalists on the meeting of Wednesday\u201d, Hellenic Ministry of National Defence, 19\/6\/2025. <a href=\"https:\/\/www.mod.mil.gr\/en\/press-release-by-the-ministry-of-national-defence-regarding-press\/\">https:\/\/www.mod.mil.gr\/en\/press-release-by-the-ministry-of-national-defence-regarding-press\/<\/a><\/p>\n<p><a href=\"#_ftnref25\" name=\"_ftn25\">[25]<\/a> Amoah, Bazilian and Lieutenant Matisek, \u201cOver 11,000 munitions in 16 Days of the Iran War\u201d, RUSI.<\/p>\n<p><a href=\"#_ftnref26\" name=\"_ftn26\">[26]<\/a> John Hudson, \u201cTrump\u2019s top general foresees acute risks in an attack on Iran\u201d, The Washington Post, 23\/2\/2026. <a href=\"https:\/\/www.washingtonpost.com\/national-security\/2026\/02\/23\/dan-caine-iran-risk-trump\/\">https:\/\/www.washingtonpost.com\/national-security\/2026\/02\/23\/dan-caine-iran-risk-trump\/<\/a><\/p>\n<p><a href=\"#_ftnref27\" name=\"_ftn27\">[27]<\/a> Amoah, Bazilian and Lieutenant Matisek, \u201cOver 11,000 munitions in 16 Days of the Iran War\u201d, RUSI.<\/p>\n<p><a href=\"#_ftnref28\" name=\"_ftn28\">[28]<\/a> <em>Ibid<\/em>.<\/p>\n<p><a href=\"#_ftnref29\" name=\"_ftn29\">[29]<\/a> <em>Ibid<\/em>.<\/p>\n<p><a href=\"#_ftnref30\" name=\"_ftn30\">[30]<\/a> Henry Bodkin, \u201cIsrael denies \u2018running out\u2019 of missile interceptors\u201d, The Telegraph, 15\/3\/2026. <a href=\"https:\/\/www.telegraph.co.uk\/world-news\/2026\/03\/15\/israel-denies-it-is-running-out-of-missile-interceptors\/\">https:\/\/www.telegraph.co.uk\/world-news\/2026\/03\/15\/israel-denies-it-is-running-out-of-missile-interceptors\/<\/a><\/p>\n<p><a href=\"#_ftnref31\" name=\"_ftn31\">[31]<\/a> Kremidas-Courtney, \u201cHow to Spend It\u201d, EPC.<\/p>\n<p><a href=\"#_ftnref32\" name=\"_ftn32\">[32]<\/a> Amoah, Bazilian and Lieutenant Matisek, \u201cOver 11,000 munitions in 16 Days of the Iran War\u201d, RUSI.<\/p>\n<p><a href=\"#_ftnref33\" name=\"_ftn33\">[33]<\/a> Fabian, \u201cDavid\u2019s Sling system failed to down Iranian ballistic missiles\u201d, The Times of Israel.<\/p>\n<p><a href=\"#_ftnref34\" name=\"_ftn34\">[34]<\/a> Amoah, Bazilian and Lieutenant Matisek, \u201cOver 11,000 munitions in 16 Days of the Iran War\u201d, RUSI.<\/p>\n<p><a href=\"#_ftnref35\" name=\"_ftn35\">[35]<\/a> Wes Rumbaugh, \u201cThe Depleting Missile Defense Interceptor Inventory\u201d, Center for Strategic &amp; International Studies, 5\/12\/2025. <a href=\"https:\/\/www.csis.org\/analysis\/depleting-missile-defense-interceptor-inventory#h2-anteing-up\">https:\/\/www.csis.org\/analysis\/depleting-missile-defense-interceptor-inventory#h2-anteing-up<\/a><\/p>\n<p><a href=\"#_ftnref36\" name=\"_ftn36\">[36]<\/a> <em>Ibid<\/em>.<\/p>\n<p><a href=\"#_ftnref37\" name=\"_ftn37\">[37]<\/a> \u201cLockheed\u202fMartin and the U.S. Department of War Expand THAAD Interceptor Production\u201d, Lockheed Martin, 29\/1\/2026. <a href=\"https:\/\/www.lockheedmartin.com\/en-us\/news\/features\/2026\/Lockheed-Martin-and-the-U-S-Department-of-War-Expand-THAAD-Interceptor-Production.html\">https:\/\/www.lockheedmartin.com\/en-us\/news\/features\/2026\/Lockheed-Martin-and-the-U-S-Department-of-War-Expand-THAAD-Interceptor-Production.html<\/a><\/p>\n<p><a href=\"#_ftnref38\" name=\"_ftn38\">[38]<\/a> Amoah, Bazilian and Lieutenant Matisek, \u201cOver 11,000 munitions in 16 Days of the Iran War\u201d, RUSI.<\/p>\n<p><a href=\"#_ftnref39\" name=\"_ftn39\">[39]<\/a> Noah Robertson, Ellen Francis, \u201cPentagon considers diverting Ukraine military aid to the Middle East\u201c, The Washington Post, 26\/3\/2026. <a href=\"https:\/\/www.washingtonpost.com\/national-security\/2026\/03\/26\/us-iran-war-ukraine-missile-defense\/\">https:\/\/www.washingtonpost.com\/national-security\/2026\/03\/26\/us-iran-war-ukraine-missile-defense\/<\/a><\/p>\n<p><a href=\"#_ftnref40\" name=\"_ftn40\">[40]<\/a> Shiri Habib-Valdhorn, Meytal Vaizberg, \u201cIsrael\u2019s defense companies report record $80 billion backlog as global demand surges\u201d, The Jerusalem Post, 19\/3\/2026. <a href=\"https:\/\/www.jpost.com\/defense-and-tech\/article-890501\">https:\/\/www.jpost.com\/defense-and-tech\/article-890501<\/a><\/p>\n<p><a href=\"#_ftnref41\" name=\"_ftn41\">[41]<\/a> <em>Ibid<\/em>.<\/p>\n<p><a href=\"#_ftnref42\" name=\"_ftn42\">[42]<\/a> Laura Pitel, Anne-Sylvaine Chassany, Sebastien Ash, \u201cVW in talks with Israel\u2019s Iron Dome maker to shift from cars to missile defence\u201d, The Financial Times, 24\/3\/2026. <a href=\"https:\/\/www.ft.com\/content\/1e41e6db-792f-4f60-b567-adb6458fb072?syn-25a6b1a6=1\">https:\/\/www.ft.com\/content\/1e41e6db-792f-4f60-b567-adb6458fb072?syn-25a6b1a6=1<\/a><\/p>\n<p><a href=\"#_ftnref43\" name=\"_ftn43\">[43]<\/a> Seth J, Frantzman, \u201cDespite war, Israel\u2019s IAI hits record backlog for orders, sees IPO as \u2018essential\u2019: CEO\u201d, Breaking Defense, 19\/3\/2026. <a href=\"https:\/\/breakingdefense.com\/2025\/03\/despite-war-israels-iai-hits-record-backlog-for-orders-sees-ipo-as-essential-ceo\/\">https:\/\/breakingdefense.com\/2025\/03\/despite-war-israels-iai-hits-record-backlog-for-orders-sees-ipo-as-essential-ceo\/<\/a><\/p>\n<p><a href=\"#_ftnref44\" name=\"_ftn44\">[44]<\/a> Gracelin Baskaran, \u201cChina\u2019s New Rare Earth and Magnet Restrictions Threaten U.S. Defense Supply Chains\u201d, Center for Strategic &amp; International Studies, 9\/10\/2025. <a href=\"https:\/\/www.csis.org\/analysis\/chinas-new-rare-earth-and-magnet-restrictions-threaten-us-defense-supply-chains\">https:\/\/www.csis.org\/analysis\/chinas-new-rare-earth-and-magnet-restrictions-threaten-us-defense-supply-chains<\/a><\/p>\n<p><a href=\"#_ftnref45\" name=\"_ftn45\">[45]<\/a> Heidi E. Crebo-Rediker, Mahnaz Khan, \u201cLeapfrogging China\u2019s Critical Minerals Dominance<\/p>\n<p>How Innovation Can Secure U.S. Supply Chain\u201d, Council on Foreign Relations, 2\/2026. https:\/\/www.cfr.org\/reports\/leapfrogging-chinas-critical-minerals-dominance<\/p>\n<p><a href=\"#_ftnref46\" name=\"_ftn46\">[46]<\/a> \u201cChina imposes export controls on 20 Japanese entities to curb \u2018remilitarisation\u2019\u201d, Reuters, 24\/2\/2026. <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/china-adds-20-japanese-entities-export-control-list-2026-02-24\/\">https:\/\/www.reuters.com\/world\/asia-pacific\/china-adds-20-japanese-entities-export-control-list-2026-02-24\/<\/a><\/p>\n<p><a href=\"#_ftnref47\" name=\"_ftn47\">[47]<\/a> <em>Ibid<\/em>.<\/p>\n<p><a href=\"#_ftnref48\" name=\"_ftn48\">[48]<\/a> Amoah, Bazilian and Lieutenant Matisek, \u201cOver 11,000 munitions in 16 Days of the Iran War\u201d, RUSI.<\/p>\n<p><a href=\"#_ftnref49\" name=\"_ftn49\">[49]<\/a> Macdonald Amoah, Morgan D. Bazilian and Lieutenant Colonel Jahara Matisek, \u201cOver 5,000 Munitions Shot in the First 96 Hours of the Iran War\u201d, Foreign Policy Research Institute, 3\/2026. <a href=\"https:\/\/www.fpri.org\/article\/2026\/03\/over-5000-munitions-shot-in-the-first-96-hours-of-the-iran-war\/\">https:\/\/www.fpri.org\/article\/2026\/03\/over-5000-munitions-shot-in-the-first-96-hours-of-the-iran-war\/<\/a><\/p>\n<p><a href=\"#_ftnref50\" name=\"_ftn50\">[50]<\/a> Jason Wilson, \u201cWest Point analysis warns that strait of Hormuz blockade will strangle US defense industry\u201d, 19\/3\/2026. <a href=\"https:\/\/www.theguardian.com\/world\/2026\/mar\/19\/west-point-analysis-iran-war-costs\">https:\/\/www.theguardian.com\/world\/2026\/mar\/19\/west-point-analysis-iran-war-costs<\/a><\/p>\n<p><a href=\"#_ftnref51\" name=\"_ftn51\">[51]<\/a> <em>Ibid<\/em>.<\/p>\n<p><a href=\"#_ftnref52\" name=\"_ftn52\">[52]<\/a> Amoah, Bazilian and Lieutenant Matisek, \u201cOver 5,000 Munitions Shot in the First 96 Hours of the Iran War\u201d, FPRI.<\/p>\n<p><a href=\"#_ftnref53\" name=\"_ftn53\">[53]<\/a> Matthew Bird, \u201cEx-China rare earths premium to grow, especially for heavies\u201d, Benchmark Minerals, 24\/3\/2026. <a href=\"https:\/\/source.benchmarkminerals.com\/article\/ex-china-rare-earths-premium-to-grow-especially-for-heavies\">https:\/\/source.benchmarkminerals.com\/article\/ex-china-rare-earths-premium-to-grow-especially-for-heavies<\/a><\/p>\n<p><a href=\"#_ftnref54\" name=\"_ftn54\">[54]<\/a> Stavros Ioannidis, \u201c\u03a6\u03c1\u03b5\u03b3\u03ac\u03c4\u03b1 \u00ab\u03a8\u03b1\u03c1\u03ac\u00bb: \u0397 \u03c3\u03c4\u03b9\u03b3\u03bc\u03ae \u03c4\u03b7\u03c2 \u03ba\u03b1\u03c4\u03ac\u03c1\u03c1\u03b9\u03c8\u03b7\u03c2 drone \u03c4\u03c9\u03bd \u03a7\u03bf\u03cd\u03b8\u03b9\u201d, Kathimerini, 8\/7\/2024. <a href=\"https:\/\/www.kathimerini.gr\/politics\/foreign-policy\/563115880\/fregata-psara-i-stigmi-tis-katarripsi-drone-ton-choythi\/\">https:\/\/www.kathimerini.gr\/politics\/foreign-policy\/563115880\/fregata-psara-i-stigmi-tis-katarripsi-drone-ton-choythi\/<\/a><\/p>\n<p><a href=\"#_ftnref55\" name=\"_ftn55\">[55]<\/a> Iain Boyd, \u201cNot just Patriot interceptors: A defense expert explains the various weapons US and allies use to defend against missiles and\u00a0drones\u201d, The Conversation, 12\/3\/2026. https:\/\/theconversation.com\/not-just-patriot-interceptors-a-defense-expert-explains-the-various-weapons-us-and-allies-use-to-defend-against-missiles-and-drones-278047<\/p>\n<p><a href=\"#_ftnref56\" name=\"_ftn56\">[56]<\/a> Amoah, Bazilian and Lieutenant Matisek, \u201cOver 11,000 munitions in 16 Days of the Iran War\u201d, RUSI.<\/p>\n<p><a href=\"#_ftnref57\" name=\"_ftn57\">[57]<\/a> <em>Ibid<\/em>.<\/p>\n<p><a href=\"#_ftnref58\" name=\"_ftn58\">[58]<\/a> Vasilis Nedos, \u201cAI to power Greece\u2019s Achilles\u2019 Shield\u201d, eKathimerini, 13\/2\/2026. <a href=\"https:\/\/www.ekathimerini.com\/politics\/foreign-policy\/1295178\/ai-to-power-greeces-achilles-shield\/\">https:\/\/www.ekathimerini.com\/politics\/foreign-policy\/1295178\/ai-to-power-greeces-achilles-shield\/<\/a><\/p>\n<p><a href=\"#_ftnref59\" name=\"_ftn59\">[59]<\/a> Vassilis Nedos, \u201cNavy drills test unmanned systems\u201d, eKathimerini, 18\/3\/2026. <a href=\"https:\/\/www.ekathimerini.com\/politics\/foreign-policy\/1298428\/navy-drills-test-unmanned-systems\/\">https:\/\/www.ekathimerini.com\/politics\/foreign-policy\/1298428\/navy-drills-test-unmanned-systems\/<\/a><\/p>\n<p><a href=\"#_ftnref60\" name=\"_ftn60\">[60]<\/a> \u201cGreece to spend 25 billion euros as part of multi-year defence plan\u201d, Reuters, 2\/4\/2025. <a href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/greece-spend-25-billion-euros-part-multi-year-defence-plan-2025-04-02\/\">https:\/\/www.reuters.com\/business\/aerospace-defense\/greece-spend-25-billion-euros-part-multi-year-defence-plan-2025-04-02\/<\/a><\/p>\n<p><a href=\"#_ftnref61\" name=\"_ftn61\">[61]<\/a> Lefteris Papadimas, \u201cAnti-drone system propels Greek plans for home-grown defence industry\u201d, Reuters, 6\/8\/2025. <a href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/anti-drone-system-propels-greek-plans-home-grown-defence-industry-2025-08-05\/\">https:\/\/www.reuters.com\/business\/aerospace-defense\/anti-drone-system-propels-greek-plans-home-grown-defence-industry-2025-08-05\/<\/a><\/p>\n<p><a href=\"#_ftnref62\" name=\"_ftn62\">[62]<\/a> Alexia Kalaitzi, \u201cInside the brain of Greece\u2019s cutting-edge drone hunter\u201d, eKathimerini, 18\/3\/2026. <a href=\"https:\/\/www.ekathimerini.com\/economy\/1298409\/inside-the-brain-of-greeces-cutting-edge-drone-hunter\/\">https:\/\/www.ekathimerini.com\/economy\/1298409\/inside-the-brain-of-greeces-cutting-edge-drone-hunter\/<\/a><\/p>\n<p><a href=\"#_ftnref63\" name=\"_ftn63\">[63]<\/a> Stavros Ioannidis, \u201cSAFE: \u0391\u03af\u03c4\u03b7\u03bc\u03b1 \u03b3\u03b9\u03b1 \u03ad\u03be\u03b9 \u03c0\u03c1\u03bf\u03b3\u03c1\u03ac\u03bc\u03bc\u03b1\u03c4\u03b1 \u03c5\u03c0\u03ad\u03b2\u03b1\u03bb\u03b5 \u03b7 \u0391\u03b8\u03ae\u03bd\u03b1 \u2013 \u03a0\u03bf\u03b9\u03b1 \u03b5\u03af\u03bd\u03b1\u03b9 \u03c4\u03b1 \u03b5\u03c0\u03cc\u03bc\u03b5\u03bd\u03b1 \u03b2\u03ae\u03bc\u03b1\u03c4\u03b1\u201d, Kathimerini, 9\/1\/2026. <a href=\"https:\/\/www.kathimerini.gr\/politics\/amyna\/564012973\/safe-aitima-gia-exi-programmata-ypevale-i-athina-poia-einai-ta-epomena-vimata\/\">https:\/\/www.kathimerini.gr\/politics\/amyna\/564012973\/safe-aitima-gia-exi-programmata-ypevale-i-athina-poia-einai-ta-epomena-vimata\/<\/a><\/p>\n<p><a href=\"#_ftnref64\" name=\"_ftn64\">[64]<\/a> <em>Ibid<\/em>.<\/p>\n<p><a href=\"#_ftnref65\" name=\"_ftn65\">[65]<\/a> Pantelis Velissaropoulos, \u201c\u0395\u0391\u0392, drones, \u03ba\u03b1\u03b9 anti-drones\u201d, Kathimerini, 20\/3\/2026.<\/p>\n<p><a href=\"#_ftnref66\" name=\"_ftn66\">[66]<\/a> Wes Rumbaugh, \u201cCost and Value in Air and Missile Defense Intercepts\u201d, Center for Strategic &amp; International Sudies, 13\/2\/2024.<\/p>\n<p><a href=\"#_ftnref67\" name=\"_ftn67\">[67]<\/a> <em>Ibid<\/em>.<\/p>\n<p><a href=\"#_ftnref68\" name=\"_ftn68\">[68]<\/a> Amoah, Bazilian and Lieutenant Matisek, \u201cOver 11,000 munitions in 16 Days of the Iran War\u201d, RUSI.<\/p>\n<p><a href=\"#_ftnref69\" name=\"_ftn69\">[69]<\/a> Yehoshua Kalisky, Iky Hazan, \u201cInnovative Systems for Neutralizing Drone and UAV Swarms\u201d, The Institute for National Security Studies, 11\/12\/2025. <a href=\"https:\/\/www.inss.org.il\/social_media\/innovative-systems-for-neutralizing-drone-and-uav-swarms\/\">https:\/\/www.inss.org.il\/social_media\/innovative-systems-for-neutralizing-drone-and-uav-swarms\/<\/a><\/p>\n<p><a href=\"#_ftnref70\" name=\"_ftn70\">[70]<\/a> Robert Tikkast, \u201cA Decade-Long Struggle to Thwart Iran\u2019s Drones Carries Warnings for the UK\u201d, Royal United Services Institute, 25\/3\/2026. <a href=\"https:\/\/www.rusi.org\/explore-our-research\/publications\/commentary\/decade-long-struggle-thwart-irans-drones-carries-warnings-uk\">https:\/\/www.rusi.org\/explore-our-research\/publications\/commentary\/decade-long-struggle-thwart-irans-drones-carries-warnings-uk<\/a><\/p>\n<p><a href=\"#_ftnref71\" name=\"_ftn71\">[71]<\/a> Stavros Ioannidis, \u201cGreek Centauros anti-drone system joins Israeli missile shield\u00a0\u201c, eKathimerini, 2\/2\/2026. <a href=\"https:\/\/www.ekathimerini.com\/economy\/1294259\/greek-centauros-anti-drone-system-joins-israeli-missile-shield\/\">https:\/\/www.ekathimerini.com\/economy\/1294259\/greek-centauros-anti-drone-system-joins-israeli-missile-shield\/<\/a><\/p>\n<p><a href=\"#_ftnref72\" name=\"_ftn72\">[72]<\/a> Katie\u00a0Livingstone, \u201cNovel interceptor drones bend air-defense economics in Ukraine\u2019s favor\u201d, DefenseNews, 5\/3\/2026. <a href=\"https:\/\/www.defensenews.com\/global\/europe\/2026\/03\/05\/novel-interceptor-drones-bend-air-defense-economics-in-ukraines-favor\/\">https:\/\/www.defensenews.com\/global\/europe\/2026\/03\/05\/novel-interceptor-drones-bend-air-defense-economics-in-ukraines-favor\/<\/a><\/p>\n<p><a href=\"#_ftnref73\" name=\"_ftn73\">[73]<\/a> \u201cUkraine war briefing: Kyiv deploys 200 anti-drone experts to Middle East\u201d, The Guardian, 18\/3\/2026. <a href=\"https:\/\/www.theguardian.com\/world\/2026\/mar\/18\/ukraine-war-briefing-kyiv-deploys-200-anti-drone-experts-to-middle-east\">https:\/\/www.theguardian.com\/world\/2026\/mar\/18\/ukraine-war-briefing-kyiv-deploys-200-anti-drone-experts-to-middle-east<\/a><\/p>\n<p><a href=\"#_ftnref74\" name=\"_ftn74\">[74]<\/a> Vitaly Shevchenko, \u201cUkraine signs deal with Saudi Arabia offering drone expertise\u201d, BBC, 27\/3\/2026. <a href=\"https:\/\/www.bbc.com\/news\/articles\/cx2r4wxdw3no\">https:\/\/www.bbc.com\/news\/articles\/cx2r4wxdw3no<\/a><\/p>\n<p><a href=\"#_ftnref75\" name=\"_ftn75\">[75]<\/a> <em>Ibid<\/em>.<\/p>\n<p><a href=\"#_ftnref76\" name=\"_ftn76\">[76]<\/a> Vassillis Nedos, \u201cAthens and Kyiv seal naval drone deal\u201d, eKathimerini, 18\/11\/2025. <a href=\"https:\/\/www.ekathimerini.com\/politics\/foreign-policy\/1287050\/athens-and-kyiv-seal-naval-drone-deal\/\">https:\/\/www.ekathimerini.com\/politics\/foreign-policy\/1287050\/athens-and-kyiv-seal-naval-drone-deal\/<\/a><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>In the second policy paper of the collection The Iran reckoning: Essays on a war the West was not ready for, Constantine Capsaskis examines the critical implications of the Iran crisis for Greece\u2019s defence policy. The ongoing conflict between Iran and the combined forces of the United States and Israel emphatically underlines that we are [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":55708,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[476,492],"tags":[],"program":[20],"acf":[],"_links":{"self":[{"href":"https:\/\/www.eliamep.gr\/en\/wp-json\/wp\/v2\/posts\/55701"}],"collection":[{"href":"https:\/\/www.eliamep.gr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eliamep.gr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eliamep.gr\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eliamep.gr\/en\/wp-json\/wp\/v2\/comments?post=55701"}],"version-history":[{"count":3,"href":"https:\/\/www.eliamep.gr\/en\/wp-json\/wp\/v2\/posts\/55701\/revisions"}],"predecessor-version":[{"id":55711,"href":"https:\/\/www.eliamep.gr\/en\/wp-json\/wp\/v2\/posts\/55701\/revisions\/55711"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eliamep.gr\/en\/wp-json\/wp\/v2\/media\/55708"}],"wp:attachment":[{"href":"https:\/\/www.eliamep.gr\/en\/wp-json\/wp\/v2\/media?parent=55701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eliamep.gr\/en\/wp-json\/wp\/v2\/categories?post=55701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eliamep.gr\/en\/wp-json\/wp\/v2\/tags?post=55701"},{"taxonomy":"program","embeddable":true,"href":"https:\/\/www.eliamep.gr\/en\/wp-json\/wp\/v2\/program?post=55701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}