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Greece Requests $500 Million Overhaul and Upgrade of P-3Bs

Friday, October 31st, 2014

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The State Department approved a possible $500 million Foreign Military Sale (FMS) to Greece for P-3B aircraft overhaul and upgrade plus associated equipment, parts, training, and logistical support. The Defense Security Cooperation Agency (DSCA) notified Congress of the potential sale on Oct. 6. The primary contractor would be Lockheed Martin [LMT] if Congress approves the deal. The requested sale includes modification and reactivation of two P-3B aircraft and the upgrade of up to five that would include structural Mid Life…

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