Elbit Systems' UK Subsidiary Awarded a $166 Million Contract for the Future Naval Training Program
Elbit Systems Ltd. - Ordinary Shares (ESLT)
Last elbit systems ltd. - ordinary shares earnings: 3/25 04:11 am
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ir.elbitsystems.com
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Source: PR Newswire
HAIFA, Israel, Jan. 11, 2021 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) and (TASE: ESLT) ("Elbit Systems" or "the Company") announced today that its subsidiary, Elbit Systems UK Ltd. ("Elbit Systems UK"), was awarded a contract valued at approximately $166 million (approximately £123 million) from the UK Ministry of Defence ("UK MOD") for the Royal Navy Future Naval Training Program ("the Program") as part of the Fisher consortium led by Capita plc. ("the Consortium"). The contract will be performed over a 12-year period.The Program calls for the transformation and modernisation of the shore-based training of the Royal Navy including the establishment of the Future Submarine School. As the provider and integrator of training solutions for the Consortium, Elbit Systems UK will develop and deliver a new Combat Systems Operator Trainer in the Future Submarine School and modernise and manage legacy synthetic training systems across the Royal Navy. Elbit Systems UK will provide new
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