Search

Israel signs largest defense deal with Greece to date

The agreement amounts to approximately 5.4 billion shekels and includes the establishment and operation of an International Flight Training Center for the Hellenic Air Force.

By World Israel News Staff

On Friday, Israel signed the biggest defense agreement with the Greece to date.

The agreement amounts to around NIS 5.4 billion and will span over 22 years. Within the framework of the agreement, Elbit Systems will provide kits to upgrade and operate the Hellenic Air Force’s T-6 aircraft. Elbit will also provide training, simulators and logistical support.

In the future, the parties will also consider areas of cooperation between the Israeli flight academy and Hellenic Airforce Academy.

“This cooperation agreement rests on the excellence of Israel’s defense industry and the strong relations between the defense establishments of Greece and Israel,” Defense Minister Benny Gantz said.

“I thank the Greek Minister of Defense, Nikolaos Panagiotopoulos for promoting the agreement, which we had discussed at the last trilateral meeting held in Cyprus. I am certain that [this program] will upgrade the capabilities and strengthen the economies of Israel and Greece and thus the partnership between our two countries will deepen on the defense, economic and political levels,” Gantz said.

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 Italian company, Leonardo.

Read  Greece seeks Israel's assistance for $2 billion Iron-Dome style missile defense system

Brig. Gen. (res.) Yair Kulas, head of the Directorate for International Defense Cooperation (SIBAT), said: “The strategic partnership between the Israel Ministry of Defense and Hellenic Ministry of National Defense is further cemented today, via the signing of the most expansive and one of the most significant defense agreements to date.”

President and CEO of Elbit Systems, Bezhalel Machlis, said, “We are honored to have been awarded this contract to provide such an important capability to the Hellenic Air Force. This contract award attests to the leading position we hold in the area of training, providing tested know-how and proven technologies that improve readiness while reducing costs.”