Elbit Systems Awarded a $180 Million Contract From the Israeli MOD to Provide a new Mission Training Center for its F-16 Fleet
Haifa, Israel, January 10, 2023 – Elbit Systems Ltd. (NASDAQ:ESLT and TASE: ESLT) (“Elbit Systems” or the “Company”) announced today that it was awarded a contract in an amount of approximately $180 million from the Israeli Ministry of Defense (IMoD) to provide, operate and maintain the new Mission Training Center (MTC) for the Israeli Air Force’s (IAF) F-16 fleet. The contract will be delivered over a three-year period with an additional fifteen-year period that will include operation and maintenance services.
The new Mission Training Center will be added to the existing MTC, that will be upgraded as part of the contract. Both MTCs will improve the quality of aircrew training, doubling the number of training sorties for the IAF’s F-16 and F-15 aircrew. The Air Force’s new MTC will include ten simulators with advanced high resolution displays, accurate weapon simulation and Elbit’s arena generator, that combine to enable simulation of both current and future battlefield environments.
Yoram Shmuely, General Manager of Elbit Systems Aerospace, commented: “Elbit Systems appreciates the strong partnership and the confidence of the IMoD and the IDF. Armed forces around the world are reshaping their training capabilities while striving to improve combat readiness and efficiency. This contract award emphasizes Elbit Systems’ leading position as a provider of advanced mission training systems.”
About Elbit Systems
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, cyber-based systems and munitions. 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.
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Company Contact:
Joseph Gaspar, Senior EVP – Business Management
Tel: +972-77-2948661
j.gaspar@elbitsystems.com
Dr. Yaacov (Kobi) Kagan, EVP & Chief Financial Officer
Tel: +972-77-2946663
kobi.kagan@elbitsystems.com
Rami Myerson, Director, Investor Relations
Tel: +972-77-2948984
rami.myerson@elbitsystems.com
Dalia Bodinger, VP, Communication & Brand
Tel: 972-77-2947602
dalia.bodinger@elbitsystems.com
IR Contact:
Ehud Helft
Kenny Green
GK Investor Relations
Tel: 1-646-201-9246
elbitsystems@gkir.com
