Israel and Greece have signed the biggest defense agreement in the history of their bilateral relations, worth approximately $1.6 billion, the Israeli Defense Ministry said on Sunday.The Israel & Hellenic Ministries of Defense have signed the biggest defense agreement to date between Israel and Gre ..
(NASDAQ: ESLT, TASE: ESLT) ( Elbit Systems or the Company ) announced today, further to the Company s announcement of January 5, 2021, that it was awarded a contract valued at approximately $1.65 billion (approximately €1.375 billion) for the establishment and operation of the International Flight Training Center of the Hellenic Air Force, as part of an agreement between the Israeli Ministry of Defense and the Hellenic Ministry of National Defense. The contract will be performed over a period of approximately 20 years and will include price indexation.
Under the contract, Elbit Systems will supply new M-346 training aircraft and will maintain the entire training fleet, comprised of 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, deliver networked flight simulators and an array of Ground-Based Training Stations (GBTS) as w
Greek and Israeli defense officials signed a 22-year, $1.65 Billion defense deal, April 16, 2021.
Israel’s Defense Ministry and the Hellenic Ministry of National Defense on Friday signed a purchase agreement in the amounts of approximately NIS 5.4 billion ($1.65 Billion) which includes the establishment and operation by Elbit Systems of an international flight training center for the Hellenic Air Force, over a period of 22 years.
The Head of the Directorate for International Defense Cooperation (SIBAT) in the Israel Ministry of Defense, Brig. Gen. (Res.), Yair Kulas, signed Israel’s biggest defense agreement to date, with Greece. As part of the agreement, the Israel Ministry of Defense and Elbit Systems will lead the establishment of an International Flight Training Center for the Hellenic Air Force. Modeled after the Israel Air Force (IAF) flight academy, the Greek International Flight Training Center will be equipped with 10 M-346 training aircraft produced by the Italian com
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
Elbit Systems Awarded a $1 65 Billion Contract for Flight Training Program, as Part of Agreement Between Israeli and Hellenic Ministries of Defense prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.