02 Feb 2016

Globes – Elbit JV wins $713m UK flight training deal

Elbit and KBR’s joint venture Affinity will deliver systems to the UK Ministry of Defense over 18 years.
Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) announced today that Affinity Flying Services Limited, its UK joint venture with Kellog, Brown and Root Limited (KBR), has been awarded a fixed price contract for the support of Ascent Flight Training (Services) Ltd. from the UK Military Flight Training System (UKMFTS) program for the UK Ministry of Defence. Elbit Systems and KBR, each hold a 50% stake in Affinity.