Affinity wins 18-year contract to support U.K. military flight training systems

HAIFA, Israel, 3 Feb. 2016. Affinity Flying Services Limited, a joint venture between Elbit Systems Ltd. (NASDAQ:ESLT) and Kellog, Brown and Root Limited (KBR), won a fixed-price contract to support Ascent Flight Training (Services) Limited in the delivery of the U.K. Military Flight Training Systems (UKMFTS) program for the U.K. Ministry of Defence (MOD).

The UKMFTS program is a partnering agreement between U.K. Front Line Commands, the U.K. MOD, Ascent, and other leading industry partners to deliver aircrew training for the 21st century.

Revenue for Affinity associated with this program is estimated to be approximately £500 million British pounds (GBP) ($713 million) over an 18-year period. Elbit Systems and KBR, each holding a 50 percent share in Affinity, will evenly support and benefit from the program.

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 (UAS), advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios, and cyber-based systems. The company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security, and commercial applications and providing a range of support services, including training and simulation systems.