Tags: APFN | EU | Greece | US | Fighter Deal

Greece Approves 1.2 Billion-euro US Deal for F-16 Fighters

Saturday, 28 April 2018 01:38 PM

ATHENS, Greece (AP) — A panel of senior Greek government and military officials has approved a 1.2-billion-euro ($1.45 billion) deal to upgrade more than half of the country's American-made F-16 fighter planes.

Officials say the deal approved by the Greek cabinet on Saturday will give 85 of Greece's fleet of F-16s capabilities similar to the much more advanced F-35 fighters minus stealth technology.

The terms of the agreement call for Greece to pay for the improvements until 2027 or 2028, but the U.S. agreed to cap annual payments at 150 million euros ($182 million) after that.

U.S. Ambassador to Greece Geoffrey Pyatt tweeted that the approval built on Prime Minister Alexis Tsipras's visit to the White House in October.

Tsipras leads the Greek cabinet.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
GlobalTalk
A panel of senior Greek government and military officials has approved a 1.2-billion-euro ($1.45 billion) deal to upgrade more than half of the country's American-made F-16 fighter planes.Officials say the deal approved by the Greek cabinet on Saturday will give 85 of...
APFN,EU,Greece,US,Fighter Deal
123
2018-38-28
Saturday, 28 April 2018 01:38 PM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved