Elbit Systems JV With KBR, Affinity, Awarded £500 Mln Contract For UK Military

(RTTNews) - Elbit Systems Ltd. (ESLT) said that Affinity Flying Services Limited , its UK joint venture with Kellog, Brown and Root Limited or "KBR", was awarded a fixed price contract for the support of Ascent Flight Training (Services) Limited , in the delivery of the UK Military Flight Training System programme for the UK Ministry of Defence.

Elbit Systems and KBR, each holding a 50% share in Affinity, will evenly support and benefit from the programme.

The UKMFTS programme is an innovative partnering agreement between UK Front Line Commands, the UK MOD, Ascent and other leading industry partners to deliver aircrew training for the 21st century.

Revenue for Affinity associated with this programme is estimated to be approximately 500 million pounds or $713 million over an eighteen-year period.