Athens approved deal on establishing Elbit-run International Flight Training Center in early January

Israel and Greece signed their largest defense deal on record, worth NIS 5.4 billion, or about $1.65 billion dollars, the Israeli Defense Ministry announced on Sunday.

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The deal includes an International Flight Training Center to be set up and operated for Greek pilots by Israel's Elbit Systems defense contractor for 22 years.

The school will be equipped with 10 M-346 training jets, manufactured by the Italian Leonardo company. Elbit will provide Greece with kits to upgrade and operate the T-6 exercise jet.

The company would also supply Greece with "simulators, training and logistic support." Read more at i24