Israel's Elbit Systems Ltd. has been awarded a contract valued at approximately $1.65 billion (approximately €1.375 billion) to build and operate the International Flight Training Center for the Hellenic Air Force, the company announced Sunday.
Follow Israel Hayom on Facebook and Twitter
The deal is part of an agreement between the Israel's Defense Ministry and the Hellenic Ministry of National Defense.
Under the contract, Elbit Systems will supply the Hellenic Air Force with 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, Elbit Systems is contracted to 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 well as command and control systems to enable efficient management of the flight training operation.
Bezhalel Machlis, President and CEO of Elbit Systems, said: "We are honored to have been awarded this contract to provide such an important capability to the Hellenic Air Force. This contract award attests to the leading position we hold in the area of pilot's training solutions, providing tested know-how and proven technologies that improve operational readiness while reducing costs."
Defense Minister Benny Gantz said in a Twitter post that he welcomed the deal and was "certain that improving Israeli and Greek capabilities will deepen the diplomatic and security, as well as economic, partnership between the two countries."
Subscribe to Israel Hayom's daily newsletter and never miss our top stories!
