State Dept OKs US’ $500M Lockheed P-3B Aircraft Overhaul Agreement With Greece

lockheed martinGreece has agreed to purchase $500 million in overhaul and upgrade services from the U.S. government under a foreign military sales agreement, which Lockheed Martin Aeronautics Co. is the prime contractor for.

The deal covers work to modify two Lockheed P-3B aircraft and upgrade five P-3B aircraft, the Defense Security Cooperation Agency said Tuesday.

Greece’s navy wants the upgrade work to help resume operations of its P-3B aircraft for land-based maritime patrol and reconnaissance, surveillance and protection of national assets.

Greece will also acquire related equipment, parts, training and logistical support services.

The State Department has approved the foreign military sale to Greece and DSCA notified the Congress on Monday of the possible sale.

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