Elbit Systems Ltd. has been awarded a $1.68 billion contract to establish and operate the International Flight Training Center for the Hellenic Air Force, enhancing defense collaboration between Greece and Israel.
Target Information
Elbit Systems Ltd. is a renowned international high-tech defense and security company, engaged in delivering advanced solutions globally. Recently, the company has been selected to establish and operate the International Flight Training Center for the Hellenic Air Force. This significant contract, estimated at approximately $1.68 billion (€1.375 billion), is set to span around 20 years and reflects the growing collaboration between the Israeli and Hellenic ministries of defense.
The Flight Training Center will see Elbit Systems deliver training aircraft equipped with state-of-the-art avionics and embedded training technologies. Additionally, the contract encompasses the provision of flight simulators, training aids, and ongoing logistical support, aiming to enhance the training capabilities of the Hellenic Air Force.
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Industry Overview in Greece
The defense industry in Greece has seen notable investment and advancements in recent years, particularly in the context of rising security needs and defense cooperat
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Elbit Systems Ltd.
invested in
Hellenic Air Force
in 2021
in a Other deal
Disclosed details
Transaction Size: $1,680M