Israel to lease IAI drone system to Greece

Heron UAV  / Photo: Israel Aerospace Industries, ira prohorov

Israel will lease the maritime patrol Heron UAV system to Greece for three years with an option to purchase afterwards.

In a tightening of defense relations between Israel and Greece, Israel will lease an Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) made unmanned aerial vehicle (UAV) maritime patrol system to Greece. Ministry of Defense director general, Maj. Gen. (Res.) Udi Adam and Greece's general director for Defence Investments and Armament Lieutenant General (Ret.) Theodoros Lagios (HAF) have signed the first such agreement between their respective ministries to lease the system. Due to the Covid-19 crisis, the agreement was signed digitally.

Under the terms of the agreement, Israel's Ministry of Defense will lease the Heron system in its maritime configuration to Greece over three years, with an option to purchase the system after the leasing period. The Heron system, equipped with both day and night activity platforms, maritime patrol radars and satellite communications, offers extended operational endurance in a wide range of scenarios including maritime patrol, marine and land border protection, search and rescue, disaster management and more.

The system is operational in the IDF and naval forces around the world and has demonstrated its capabilities in Greece as well.

Israel's International Defense Cooperation Directorate (SIBAT) head Brig. Gen. (Res.) Yair Kulas said, "The great security relations between Israel and Greece are expanding. We see great importance in the choice made by Greece to equip its forces with an Israeli system, particularly during the global corona crisis. This is a clear expression of confidence in the capabilities and strength of the Israeli defense industry. We hope to sign additional agreements with Greece as well as other European partners, assisting them in addressing security challenges - in times of the corona pandemic and beyond."

IAI EVP and general manager military aircraft group Moshe Levy said, "IAI UAVs have seen countless operational successes, with over 1.8 million operational flight hours, and in use by more than fifty partners worldwide. With advanced automation capabilities, the UAVS are equipped with payloads that meet a variety of requirements aligned with the operational scenarios presented. The agreement with Greece is yet another example of the successful leasing model promoted by IAI in many parts of the world. We thank the Ministry of Defense for its ongoing assistance that has led to this cooperation, and we are proud to provide state-of-the-art operational services to our partner, Greece."

Published by Globes, Israel business news - www.globes-online.com - on May 6, 2020

© Copyright of Globes Publisher Itonut (1983) Ltd. 2020

Heron UAV  / Photo: Israel Aerospace Industries, ira prohorov
Heron UAV / Photo: Israel Aerospace Industries, ira prohorov
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