Apr 28, 2018

Greece agrees to $1.45 billion deal with U.S. to upgrade F-16 fleet

Hellenic Air Force F-16 block 52 Fighting Falcon of 'Zeus' team, flies over Flisvos bay during the Air Show. Photo: Dimitrios Sotiriou/Pacific Press/LightRocket via Getty Images

Greek government and military officials on Saturday signed-off on a $1.45 billion deal (1.2 billion euro) to upgrade over half of the country's American-made F-16 military fighter planes, the Associated Press reports.

The details: Over 80 F-16s in Greece's fleet will receive similar capabilities to that of the more sophisticated F-35, without the stealth technology, according to the AP, adding that Greece will pay for improvements through 2027. The U.S. has reportedly agreed to cap payments to $182 million annually after that. Greek Prime Minister Alexis Tsipras is set to make a visit to the White House this coming October.

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The growing coronavirus recession threat

Illustration: Aïda Amer/Axios

In just a matter of weeks, top economists and investment bank analysts have gone from expecting the coronavirus outbreak to have minimal impact on the U.S. economy to warning that an outright recession may be on the horizon.

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Mass shooting in Milwaukee: What we know

Milwaukee Mayor Tom Barrett in 2012. Photo: John Gress/Corbis via Getty Images

Six people died in a shooting at the Molson Coors Brewing Company in Milwaukee on Wednesday, including the gunman, Mayor Tom Barrett told reporters at a Wednesday evening press conference with local police.

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Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

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