Greece agrees up to $4 billion US arms deal: Reuters
The purchases will spread costs over several years as Athens modernizes its armed forces and boosts spending amid tensions with Turkey.
- Greece agreed on Thursday to spend up to $4 billion upgrading F-16 fighter jets and purchasing advanced missiles, following a visit to Athens by US Secretary of State Marco Rubio.
- Modernizing the armed forces remains a priority as Greece emerges from a long debt crisis, with the country spending nearly 3.5% of its GDP on defense due to its long-standing dispute with Turkey.
- Greece plans to upgrade 37 Block aircraft to the Viper version at a cost of about $1 billion, complementing ongoing upgrades to about 82 existing F-16s across the fleet.
- Athens and Washington also agreed on a joint security plan for counterterrorism information sharing between their law enforcement agencies, Rubio said on Wednesday, strengthening ties between the NATO allies.
- Greece's broader defense strategy includes spending about €28 billion by 2036 on Lockheed Martin F-35 fighter jets, Sikorsky UH-60M Black Hawk helicopters, and the 'Achilles Shield' anti-ballistic system.
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Greece agrees up to $4 billion US arms deal, sources say
Greece has agreed to spend up to $4 billion upgrading more of its F-16 fighter jets and buying advanced missiles from the US, two senior sources told Reuters on Thursday, a day after a visit by US Secretary of State Marco Rubio.
Greece has finalized a deal with the United States to purchase weapons and military equipment worth about $4 billion, during a visit to Athens by US Secretary of State Marco Rubio. The agreement is part of expanded defense cooperation between the two countries and includes new weapons systems, modernization of fighter jets and support for the Greek helicopter fleet, reports Telegrafi. About $1.2 billion will be spent on the purchase of high-prec…
The USA and Greece agreed on the sale of military equipment worth 4 billion. dollars to strengthen the Greek defense. The agreement also includes deepening cooperation in security, economy and the fight against terrorism.
The new supplies are reportedly part of the update of the Single Medium-Term Development and Modernisation Programme (EMBAE) and are therefore expected to be approved by Parliament in the next period
Economy: The contract provides for the deep upgrading of the old F-16 to modern configuration, as well as the provision of missiles and bombs for F-16, F-35 and Black Hawk helicopters.
Following France and Israel, Greece has signed a massive $4 billion arms deal with the United States. According to Israeli media, Athens will invest a total of €28 billion in defense by 2036, amid tensions with Turkey.
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