Israel, Greece, sign $1.6 billion defense agreement
Israel, Greece, sign $1.6 billion defense agreement
Under the defense procurement deal, the largest ever between the two countries, Israel’s Elbit Systems will establish and operate a flight school for the Hellenic Air Force.
IDF Brig. Gen. (res.) Yair Kulas (right) and Theodoros Lagios, director-general of the Greek General Directorate for Defense, at the signing of the largest-ever defense procurement agreement between Israel and Greece, April 18, 2021. Credit: Hellenic Ministry of Defense.
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(April 18, 2021 / JNS) Israel and Greece announced on Sunday the signing of a defense cooperation agreement worth approximately 5.4 billion shekels ($1.6 billion).
Apr 18, 2021
Under the deal, the largest ever between the two countries, Israel’s Elbit Systems will establish and operate a flight school for the Hellenic Air Force.
By JNS
Israel and Greece announced on Sunday the signing of a defense cooperation agreement worth approximately 5.4 billion shekels ($1.6 billion).
The agreement includes the establishment of a flight training center for the Hellenic Air Force, to be built and operated for 22 years by Israeli defense company Elbit Systems.
The training center will be modeled after the Israeli Air Force’s own flight academy, and it will be supplied with 10 M-346 training aircraft made by Italy’s Leonardo company. The aircraft will be an Israeli variant known as the “Lavi,” which, according to Elbit, are equipped with “unique avionics and embedded training solutions.” These aircraft are also used by the IAF for training cadets.
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Israel signs major defense deal with Greece
In the $1.65 billion deal, Elbit Systems will set up an International Flight Training Center for the Hellenic Air Force.
Israel has signed a defense deal with Greece worth NIS 5.4 billion ($1.65 billion). The Israeli Ministry of Defense, through Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT), will set up an International Flight Training Center for the Hellenic Air Force, on the model of the Israel Air Force flying school.
Under the agreement, Elbit Systems will supply new M-346 training aircraft and will maintain the entire training fleet, comprising dozens of M-346 and T-6 training aircraft for a period of approximately 20 years. In addition, the company will provide its latest advanced Embedded Virtual Avionics (EVA) onboard the training aircraft, and deliver networked flight simulators and an array of Ground-Based Training Stations. The contract also includes command and control systems to facilitate effective management of flight trai
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