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Elbit UK Subsidiary Awarded a $166M Contract for the Future Naval Training Program

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 training technologies that will improve Defence Operational Training Capability (Maritime) (DOTC(M)), while facilitating availability and efficiency of legacy capabilities.

Martin Fausset, CEO of Elbit Systems UK, said: “The Program will be a pathfinder for the Royal Navy’s transformation agenda, with the introduction of enhanced training capabilities at the forefront of personnel achieving their potential and arriving at the front line quicker. We are proud to be a part of the team to deliver next-generation training capabilities to the Royal Navy, following on the success of the Company’s provision of advanced training capabilities to the British Army and the Royal Air Force.”

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Source: Elbit Systems Ltd.
Date: Jan 11, 2021


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