Israel, Greece Sign $1.65 Billion Defence Deal

Published April 19th, 2021 - 08:35 GMT
Israel and Greece have signed their biggest ever defence deal
US Secretary of Defence Lloyd Austin (C) removes his mask as he stands with Israeli Defence Minister Benny Gantz (R) after a ceremony in the Hall of Remembrance at the Yad Vashem Holocaust Memorial, in Jerusalem on Monday, April 12, 2021. Heidi levine / POOL / AFP
Highlights
The agreement includes a $1.65 billion contract for the establishment and operation of a training centre for the Hellenic Air Force.

Israel and Greece have signed their biggest ever defence procurement deal, which Israel said on Sunday would strengthen political and economic ties between the countries.

The agreement includes a $1.65 billion contract for the establishment and operation of a training centre for the Hellenic Air Force by Israeli defence contractor Elbit Systems over a 22-year period, Israel’s defence ministry said.

The training centre will be modeled on Israel’s own flight academy and will be equipped with 10 M-346 training aircraft produced by Italian company Leonardo, the ministry said.

Elbit will supply kits to upgrade and operate Greece’s T-6 aircraft and also provide training, simulators and logistical support.


“I am certain that (this programme) will upgrade the capabilities and strengthen the economies of Israel and Greece and thus the partnership between our two countries will deepen on the defence, economic and political levels,” said Israeli defence minister Benny Gantz.

The announcement follows a meeting in Cyprus on Friday between the UAE, Greek, Cypriot and Israeli foreign ministers, who agreed to deepen cooperation between their countries.

This article has been adapted from its original source.


© 2021-2021 The Arab Weekly. All rights reserved.

You may also like

Subscribe

Sign up to our newsletter for exclusive updates and enhanced content