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Elbit Systems was awarded a contract valued at approximately $1.65 billion (approximately €1.375 billion) for the establishment and operation of the International Flight Training Center of the Hellenic Air Force, as part of an agreement between the Israeli Ministry of Defense and the Hellenic Ministry of National Defense. The contract will be performed over a period of approximately 20 years and will include price indexation.
Under the contract, Elbit Systems will supply 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, the Company will 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 a command and control systems to enable efficient management of the flight training operation.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, said the contract award “attests to the leading position the company holds in the area of pilot’s training solutions, providing tested know-how and proven technologies that improve operational readiness while reducing costs.”
This contract award follows several major programs and contracts that Elbit Systems has secured in recent two years including the selection to supply embedded training capabilities for the U.S. Air Forces’ T-7 Red Hawk aircraft, a contract to provide the UK Royal Navy with a range of simulation capabilities, the delivery of a Brigade and Battlegroup Mission Training Center to the Israeli Defense Forces, and others.