Israel’s Defense Ministry announced this morning that it is set to sign a $1.68 billion security agreement with Greece effective for 20 years. According to the statement, the Greek government had just approved the deal. No date has been given for the signing, which will include representatives of both defense ministries and of the Israel-based international defense electronics company Elbit Systems.
The deal reportedly includes the procurement by Greece of 10 M-346 aircrafts, maintenance for T-6 aircrafts and the provision of simulators, training and logistical support, all part of a flight school for the Hellenist Air Force to be operated by Elbit Systems. The school will be modeled after the Israel Air Force flight academy.
