Keflavik Agreement for an unspecified period of time. This new agreement annulled the Keflavík Agreement. Keflavik Agreement The Keflavík Agreement ("Keflavíkursamningurinn") was an agreement made in 1946 between the government of the United States and the newly established Republic of Iceland, following the conclusion of World War II. This agreement stipulated that the American army would leave the country within nine months and that the Icelanders would take possession of Keflavík Airport. With this agreement, all former agreements would be annulled. The conditions of the agreement did not last long, however. In 1951, a new agreement was made through NATO. According to
Naval Air Station Keflavik Corporation or Kadeco which was given the task of converting the base into civilian use. Since May 2008 Keflavik has periodically hosted NATO fighter, AWACS and support aircraft participating in Icelandic Air Policing deployments. In January 2010, Verne Holdings announced that it had received equity funding from the Wellcome Trust to build a data center at Keflavik. The data center will take advantage of the available geothermal power and free cooling to minimize its carbon footprint. In September 2015, news media reported U.S. government officials expressed a desire to reopen aspects of the NATO base of Keflavik Naval Air Station,