Israel and Greece officially sign record $1.65 billion defence deal

·

Israel and Greece have signed their biggest ever defence procurement deal, which Israel said on Sunday would strengthen political and economic ties between the countries. The two countries’ air forces also launched a joint exercise.

The agreement includes a $1.65 billion contract for the establishment and operation of a training centre for the Hellenic Air Force by Israeli defence contractor Elbit Systems over a 22-year period, Israel’s defence ministry said.

The training centre will be modelled on Israel’s own flight academy and will be equipped with 10 M-346 training aircraft produced by Italy’s Leonardo, the ministry said.

READ MORE: Foreign Ministers of Greece, Cyprus, Israel and the UAE, meet to shake narrative of Middle East.

Elbit will supply kits to upgrade and operate Greece’s T-6 aircraft and also provide training, simulators and logistical support.

“I am certain that (this programme) will upgrade the capabilities and strengthen the economies of Israel and Greece and thus the partnership between our two countries will deepen on the defence, economic and political levels,” said Israeli Defence Minister Benny Gantz.

READ MORE: Israel, Greece, Cyprus hold naval drill as they deepen ties.

The announcement follows a meeting in Cyprus on Friday between the UAE, Greek, Cypriot and Israeli foreign ministers, who agreed to deepen cooperation.

The announcement follows a meeting in Cyprus on Friday between the UAE, Greek, Cypriot and Israeli foreign ministers.

It is also a direct follow up of a security agreement reached by Greece and Israel in January to establish a flight training center and provide training aircraft to the Hellenic Air Force.   

The Israeli and Greek air forces on Sunday launched a joint exercise in Greece, the Israeli military said.

In at least one past exercise over Greece, Israeli fighter planes practised against an S-300 posted on Crete. The Russian-made air defence system is also deployed in Syria and Iran, Israel’s foes.

A source in the Hellenic National Defence Command said the S-300 had not been activated in the joint exercise that began Sunday.

Source: Reuters.

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Latest News

Chasing an Aussie childhood memory all the way to a Suzi Quatro concert in Poland

I've been living in Greece for a long time now and being so far away from Australia, the country I was born and grew up in, sometimes gets to me.

Melbourne musicians to honour Achilles Yiangoulli in special tribute concert

A powerful evening of music and remembrance will take place at TheBrunswick Ballroom in Brunswick, on Thursday.

Greek olive oil in 2026: Hope and concern at the Food Expo

At the Food Expo in Athens, conversations about Greek olive oil in 2026 reflected both optimism and unease.

Fronditha Care honoured with international recognition

Fronditha Care has been celebrated as a finalist at the 14th Asia Pacific Eldercare Innovation Awards (2026).

HMSA and PRONIA collaborate on educational event ‘Understanding Back Pain’

This event will help to unpack the causes, when to seek help, pathways for diagnosis and options for the management of back pain.

You May Also Like

Nikolas Hatzistergos appointed Chairman as Bank of Sydney welcomes new Board members

Bank of Sydney recently announced that Dr Nicholas Pappas AM has stepped down as Chairman of its board, after nearly two decades.

Studio of Greece’s eminent modernist ceramist to be listed for protection

Verdanaki found inspiration in her studio for nearly 50 years thanks to the pioneering design of one of the country’s great architects, Takis Zenetos.

Chris Ikonomidis blasts Melbourne Victory to FFA Cup glory

Melbourne Victory have claimed FFA Cup glory this year in a dramatic 2-1 final over the Central Coast Mariners.