Israel Agrees to Set Up Flight Training School in Greece for $1.65B Our Bureau 578 Israeli M346 aircraft Israel has signed an agreement valued $1.65 billion with Greece to establish an International Flight Training Center for the Hellenic Air Force. Announcing the deal on Sunday, the Israel Ministry of Defense said it was the biggest defense agreement inked by the two countries till date. Israeli company Elbit Systems beat Canada’s CAE to win this contract. Within the framework of the agreement, the company will provide kits to upgrade & operate the Hellenic Air Force's T-6 aircraft. It will also provide training, simulators & logistical support.