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.
Elbit wins $1.65bn contract for Greek Air Force’s flight training centre 19 Apr 2021 (Last Updated April 19th, 2021 10:35)
Israel’s Elbit Systems has won a contract for the International Flight Training Center of the Hellenic (Greek) Air Force.
Share Article
Israel’s Elbit Systems has won a contract for the International Flight Training Center of the Hellenic (Greek) Air Force.
The deal amounts to nearly $1.65bn (approximately €1.375bn) and will include price indexation.
The award was subject to the signing and completion of commercial negotiations with Greece’s defence ministry.
Work under the contract includes the delivery of ten M-346 training aircraft (Lavi), maintenance of T-6 aircraft, training aids, and lifetime logistical support.
Elbit to Create International Flight Training Center for Greece and Israel in $1 65 Billion Effort afcea.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afcea.org Daily Mail and Mail on Sunday newspapers.
(NASDAQ: ESLT, TASE: ESLT) ( Elbit Systems or the Company ) announced today, further to the Company s announcement of January 5, 2021, that it was awarded a contract valued at approximately $1.65 billion (approximately €1.375 billion) for the establishment and operation of the International Flight Training Center of the Hellenic Air Force, as part of an agreement between the Israeli Ministry of Defense and the Hellenic Ministry of National Defense. The contract will be performed over a period of approximately 20 years and will include price indexation.
Under the contract, Elbit Systems will supply new M-346 training aircraft and will maintain the entire training fleet, comprised of dozens of M-346 and T-6 training aircraft for a period of approximately 20 years. In addition, the Company will provide its latest advanced Embedded Virtual Avionics (EVA) onboard the training aircraft, deliver networked flight simulators and an array of Ground-Based Training Stations (GBTS) as w
Elbit Systems Awarded a $1 65 Billion Contract for Flight Training Program, as Part of Agreement Between Israeli and Hellenic Ministries of Defense prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.