Hellenic Defense Systems Undergoes Full Financial Audit
Greece's state-owned arms manufacturer, Hellenic Defense Systems (EAS), has launched a comprehensive financial and managerial audit for the period 2020 to 2024. The review, commissioned by the company's new leadership and assigned to global auditing firm Deloitte, is aimed at evaluating the financial health and governance of the organization during the past five years. The initiative is seen as a move by CEO Christoforos Boutsikakis to assess the legacy left by his predecessor, Nikos Kostopoulos. This audit goes beyond a simple accounting review. It represents an in-depth examination of the company's financial trajectory and management decisions during a period marked by escalating economic challenges. The decision underscores a growing urgency within the company to stabilize its finances and chart a path forward after years of poor performance. According to the latest published figures, EAS remains in a precarious financial position.
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