Israeli Defense Minister Benny Gantz wears a face mask while looking out the window of a helicopter during a tour of the Gaza border, southern Israel, March 2, 2021. REUTERS / Dan Williams / File Photo
Israel and Greece have signed their largest defense deal ever, which according to Israel on Sunday would strengthen political and economic ties between the two countries.
The agreement includes a $ 1.65 billion contract for the construction and operation of a training center for the Hellenic Air Force by the Israeli defense contractor Elbit Systems (ESLT.TA) over a period of 22 years, the Israeli Ministry of defense said.
The training center will be based on Israel’s own flight academy and will be equipped with 10 M-346 training aircraft manufactured by the Italian company Leonardo (LDOF.MI), the ministry said.
Elbit will provide kits to upgrade and operate Greece’s T-6 aircraft, as well as provide training, simulators and logistics support.
“I am confident that (this program) will improve the capabilities and strengthen the economy of Israel and Greece, thus deepening the partnership between our two countries on the defense, economic and political levels,” the Israeli Defense Minister said. Benny Gantz, said.
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. read more
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