The Greek Government has approved the Israel Ministry of Defense (IMoD)’s bid to establish a flight academy for the Hellenic Air Force.
The approval was following an international tender and the agreement, once signed, will become the biggest defense agreement between Israel and Greece. The agreement will be later signed by the Greek and Israeli defense ministries.
The flight academy will be built and operated by Israeli defense major, Elbit Systems Ltd. The Hellenic Government approved the establishment and operation of the Flight Training Center by the IMOD and Elbit Systems for an amount of approximately $1.68 billion (approximately €1.375 billion) for a period of approximately 20 years.
The biggest defense agreement between Israel and Greece:
Following an international tender, the Greek Government approved the Israel MoD’s bidding win to establish a flight academy for the Hellenic Air Force, which will be built and operated by @ElbitSystemsLtd 1/3 pic.twitter.com/7J7yGy2I4w
— Ministry of Defense (@Israel_MOD) January 5, 2021
The agreement also includes the procurement of ten Leonardo M-346 advanced trainer aircraft and maintenance of Beechcraft T-6 Texan II turboprop trainer aircraft, as well as the provision of simulators, training and logistic support.
“This agreement reflects the excellent and developing relations we have with Greece. It is a long term partnership that will serve the interests of both countries,” said Israeli Defense Minister Benny Gantz.
“We are honored to have been selected to provide such an important capability to the Hellenic Air Force, which we believe will contribute to the further strengthening of the bi-lateral relationship between Israel and Greece. This selection attests to the leading position we hold in the area of training, providing tested know-how and proven technologies that improve readiness while reducing costs”, said Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems.
The anticipated contract award to Elbit Systems is contingent on completion of commercial negotiations with the Hellenic Ministry of National Defense.