Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Investments»US Lawmakers Assess Defense Investments in Greece
    Investments

    US Lawmakers Assess Defense Investments in Greece

    August 14, 20252 Mins Read


    US defense investments Greece
    The Souda Naval Base in Crete, Credit: US Navy

    A high-powered delegation from the US Congress concluded a visit to Greece this week, focused on reviewing American military investments and strengthening the bilateral defense relationship. The group, composed of key members from the House Appropriations Committee and led by Republican Hal Rogers, toured facilities at the Souda and Larissa bases.

    The visit, which ran from August 8 to 12, aimed to assess how Pentagon funds are being used to modernize U.S. military presence in the region. After inspecting the naval facilities at Souda and meeting with American and Greek military personnel, the delegation traveled to Athens for discussions.

    US delegation praised defense cooperation with Greece

    The U.S. lawmakers praised the strong cooperation, with some reportedly calling Greece’s economic recovery a “Greek miracle.” Their positive assessment is crucial, as the Appropriations Committee controls the purse strings for federal spending, including military aid and base infrastructure projects.

    The visit comes as Athens and Washington negotiate key changes to their Mutual Defense Cooperation Agreement (MDCA). The revisions are expected to formalize the status of military sites like Stefanovikeio and the Petrohori firing range in Xanthi.

    Beyond infrastructure, the two nations are also addressing significant military equipment issues. The discussion included the potential for new F-35 fighter jet acquisitions and the transfer of more Island-class patrol boats.

    A pressing issue is the Hellenic Army’s fleet of Chinook helicopters, of which only a few are currently operational. While the U.S. has suggested purchasing new models, Greece is exploring a more pragmatic solution: modifying an old contract to secure spare parts and improve the readiness of its existing fleet.

    Related: Souda Bay and F-35s: Hegseth Highlights Deepening US-Greece Defense Ties





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Buying property in a trust or company: what investors need to understand before making the leap

    Investments

    59 and Wondering About Retirement Savings? See How You Measure Up

    Investments

    RRSPs are great but investments in matter

    Investments

    Tides of tax drive high earners to offshore bonds

    Investments

    Is it better to rent or buy when you retire?

    Investments

    How Divorce Could Impact Your Retirement Savings and What You Can Do About It

    Investments
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    Farmer Mac conclut une titrisation de prêts hypothécaires agricoles d’une valeur de 300,1 millions de dollars

    Cryptocurrency

    Next Cryptocurrency to Explode, 20 May — Verasity, MANTRA, Solana

    Property

    Sirius Real Estate Limited accepte d’acquérir le parc d’affaires de Southampton -Le 12 mars 2025 à 08:00

    Editors Picks

    John Wood hosts open house at new agricultural center in Baylis

    October 14, 2024

    Cryptocurrency status in limbo as officials fear ‘dollarization’ of economy, unclear global regulation

    June 9, 2025

    Crypto custody startup BitGo files for IPO: How cryptocurrency public issues fared in 2025 | Business News

    January 17, 2026

    « La France figure parmi les principales puissances scientifiques »

    May 5, 2025
    What's Hot

    les fondamentaux de l’or restent bons

    September 4, 2007

    Residents fight back after being terrorized by nearby cryptocurrency facility: ‘Already caused serious harm’

    October 24, 2025

    Smart Investor: An Undervalued Stock That Boosted Its Dividend, A Divided Fed, and November Stock Market Outlook

    November 8, 2025
    Our Picks

    Cryptocurrency News Live: Dogecoin, Shiba Inu & Remittix Updates

    September 20, 2025

    Abu Dhabi bans cryptocurrency mining in farms; Dh100,000 fine for violations

    September 30, 2025

    Spanish town launches its own digital currency « Euro Weekly News

    September 27, 2025
    Weekly Top

    Buying property in a trust or company: what investors need to understand before making the leap

    February 20, 2026

    Lundin Mining rides copper rally to record quarter

    February 20, 2026

    XAG/USD bulls regain control as short-term momentum strengthens

    February 20, 2026
    Editor's Pick

    3 Top European Dividend Stocks To Consider

    July 28, 2025

    Statrys Named Among Top 10 Fintech Companies in Hong Kong, Highlighting Client Trust and Steady Growth

    August 14, 2024

    The 9 best shampoos to keep grey, silver and platinum hair looking shiny and strong

    September 9, 2025
    © 2026 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.