Portugal to sign €590m KC-390 sale to Greece

Portugal and Greece are due to sign an agreement on Tuesday for the sale of three Embraer KC-390 military transport aircraft in a deal worth about €590 million, according to information from Portugal’s Defence Ministry. Portugal expects €33 million in returns linked to its role in the aircraft’s development and NATO adaptation, with the money set to support domestic industry.

Under the agreement, Greece will buy three KC-390s, along with associated equipment and services, for about €590 million. Portugal’s Defence Ministry said the Portuguese state should receive €11 million for each aircraft sold. The first aircraft is due for delivery in 2027, followed by phased deliveries in 2029 and 2031, all in the configuration developed by Portugal to meet NATO requirements.

The contract also includes mission equipment, support for the Greek Air Force’s entry into service and follow-on assistance. According to an official source, Portugal will oversee production, monitor acceptance and delivery, manage the operational transition and provide initial training for Greek crews and mechanics at Beja Air Base.

A Portuguese cabinet resolution published on October 22 had already authorised spending of €589.98 million, plus VAT, between 2026 and 2031, fully financed by revenue from the contract with Athens. Of that total, about €532.9 million is earmarked for the aircraft and a logistics support package, while the remaining €57.1 million covers electronic warfare equipment, training, logistics support, technical teams in Greece and programme management.

Originally published at Eco.pt