Elbit Systems Ltd. (NASDAQ and TASE: ESLT) said that Affinity Flying Services Limited, its UK joint venture with Kellog, Brown and Root Limited (“KBR”), was awarded a fixed price contract for the support of Ascent Flight Training (Services) Limited, in the delivery of the UK Military Flight Training System programme for the UK Ministry of Defence.
Elbit Systems and KBR, each holding a 50 percent share in Affinity, will evenly support and benefit from the programme.
The UKMFTS programme is an innovative partnering agreement between UK Front Line Commands, the UK MOD, Ascent and other leading industry partners to deliver aircrew training for the 21st century.
Revenue for Affinity associated with this programme is estimated to be approximately GBP500 million (USD713 million) over an eighteen-year period.
Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance (“C4ISR”), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios and cyber-based systems.