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Business/Financial

Elbit-KBR Joint Venture Wins $713 Million UK Military Flight Training System Program Contract

Wednesday, February 3rd, 2016

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Elbit-KBR Joint Venture Wins $713 Million UK Military Flight Training System Program Contract

The United Kingdom Ministry of Defence (MoD) awarded Affinity Flying Services Ltd., a joint venture between Elbit Systems Ltd. [ESLT] and Kellog, Brown and Root, Limited [KBR], a $713 million contract to support Ascent Flight Training Services Limited, the companies said Tuesday.Ascent services are part of the U.K. Military Flight Training System (UKMFTS) program for the Ministry. The program is a partnering agreement between United Kingdom Front Line Commands, the MoD, Ascent, and other industry partners to deliver aircrew training,…

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