Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Greece to get US draft letter approving purchase of F-35 jets - sources

Published 26/01/2024, 18:00
LMT
-

ATHENS (Reuters) - Greece expects to receive a draft letter of acceptance next week from the United States of its request to buy F-35 fighter jets, two Greek sources with knowledge of the matter told Reuters on Friday.

"The (Greek) defence minister will receive a draft letter of acceptance on Monday," one of the sources said.

Greece sent an official request to the United States for the purchase of 20 Lockheed Martin-made F-35 fighter jets in June 2022.

Getting that request approved is a crucial step in a multi-stage process. Athens expects deliveries of the jets to begin in 2027-2028.

© Reuters. FILE PHOTO: A F-35 fighter jet taxis during a media day of NATO's

NATO member Greece spends more than 2% of its gross domestic product on defence spending. It has beefed up its military purchases in recent years as tensions with its neighbour, historic rival and NATO ally Turkey, had resurfaced.

U.S. President Joe Biden sent a letter to leaders of key Capitol Hill committees on Wednesday informing them of his intention to begin the formal notification process for the sale of Lockheed Martin (NYSE:LMT.N) F-16 aircraft to Turkey once Ankara completes Sweden’s NATO accession process.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.