On Tuesday, the Israel Defense Ministry confirmed that Israel and Greece had signed the largest defense agreement.
Following an international tender, the Greek government approved the bid by the Israeli Defense Ministry to set up a flight academy for the Greek Air Force, operated by Elbit Systems Ltd. is built and operated.
The Greek government approved the establishment and operation of the flight training center by IMOD and Elbit Systems for a period of approximately 20 years for approximately USD 1.68 billion (approximately EUR 1.375 billion).
The agreement includes the procurement of ten M-346 aircraft and the maintenance of T-6 aircraft, as well as the provision of simulators, training and logistical support.
The expected award of the contract depends on the conclusion of trade negotiations with the Greek Ministry of Defense.
The program calls for Elbit Systems to supply fleets of training aircraft equipped with the company’s unique avionics and embedded training solutions, the company’s flight simulators and training aids, and lifelong logistical support.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, said: “We are honored to have been selected to bring such an important capability to the Greek Air Force that we believe will further strengthen the bilateral relationship will contribute between Israel and Greece. This selection confirms the leading position we hold in the field of education and offers tested know-how and proven technologies that improve readiness while reducing costs. “