ECONOMY

Boeing eyeing Greek air force contract

A man is seen walking past models of military aircraft made by US aerospace and defense company Boeing at an international air show in this file photo. Boeing said in Athens yesterday it hopes its next-generation F-18 Super Hornet fighter will win a place in the Hellenic Air Force, which plans to order new combat jets this year. Greece is planning to retire its older F-4 and Corsair A-7 aircraft and with defense budgets squeezed by the global downturn, the Greek fighter jet contract is much sought after. ‘Certainly, we think the Super Hornet is the right fit for the Hellenic Air Force,’ Boeing’s vice president for international business development, Mark Kronenberg, told reporters. While the cost depends on the aircraft’s configuration, the price of a Super Hornet is about $53.8 million.