Elbit Systems Ltd. (NASDAQ: ESLT, TASE: ESLT) (“Elbit Systems” or “the Company”) announced today that it was awarded a contract valued at approximately $96 million to supply a European country with a Rotary-Wing Mission Training Center (“Rotary-Wing MTC”) and support services to train its Air Force, Army and Navy helicopter pilots and crews. The contract will be performed over a nine-year period, with an option to extend the maintenance services for an additional 10-year period.
The Rotary-Wing MTC is a networked multi-platform, mission-oriented, helicopter training center that will provide multi-level training for helicopter pilots and aircrews across the customer’s Armed Forces.
The new training center will enable realistic simulated tactical training using all of the helicopter’s systems in a wide variety of mission scenarios. The Rotary-Wing MTC draws on the unique technologies and accumulated operational experience of the Company’s fighter aircraft tactical mission training centers.
Yoram Shmuely, General Manager of Elbit Systems’ Aerospace Division commented: “This contract highlights the growing importance that Armed Forces place on leveraging proven technologies to enhance readiness while reducing costs.”