Elbit Awarded a $180M Contract From the Israeli MOD to Provide a new Mission Training Center for its F-16 Fleet

Elbit Systems Ltd. (NASDAQ:ESLT and TASE: ESLT) (“Elbit Systems” or the “Company”) announced today that it was awarded a contract in an amount of approximately $180 million from the Israeli Ministry of Defense (IMoD) to provide, operate and maintain the new Mission Training Center (MTC) for the Israeli Air Force’s (IAF) F-16 fleet. The contract will be delivered over a three-year period with an additional fifteen year period that will include operation and maintenance services.

The new Mission Training Center will be added to the existing MTC, that will be upgraded as part of the contract. Both MTCs will improve the quality of aircrew training, doubling the number of training sorties for the IAF’s F-16 and F-15 aircrew. The Air Force’s new MTC will include ten simulators with advanced high resolution displays, accurate weapon simulation and Elbit’s arena generator, that combine to enable simulation of both current and future battlefield environments.

Yoram Shmuely, General Manager of Elbit Systems Aerospace, commented: “Elbit Systems appreciates the strong partnership and the confidence of the IMoD and the IDF. Armed forces around the world are reshaping their training capabilities while striving to improve combat readiness and efficiency. This contract award emphasizes Elbit Systems’ leading position as a provider of advanced mission training systems.”