Israel's Elbit Systems announced Tuesday that following a competitive process, and as part of an agreement between the Israeli Ministry of Defense and the Hellenic Ministry of National Defense, the company was selected to establish and operate the International Flight Training Center of the Hellenic Air Force.
The Hellenic Government approved the establishment and operation of the Flight Training Center by the Israeli Defense Ministry and Elbit, at a cost of about $1.68 billion, (about €1.375 billion) for a period of approximately 20 years, Elbit said.
The anticipated contract award is contingent on completion of commercial negotiations with the Hellenic Ministry of National Defense.
Under the project, Elbit is to deliver training aircraft fleets equipped with the company’s unique avionics and embedded training solutions, supply the company’s flight simulators and training aids, and provide through-life logistical support, according to Elbit.
Bezhalel (Butzi) Machlis, President and CEO of Elbit, said, "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."