{"id":411558,"date":"2021-01-11T03:09:36","date_gmt":"2021-01-11T08:09:36","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=411558"},"modified":"2021-01-11T03:09:36","modified_gmt":"2021-01-11T08:09:36","slug":"elbit-systems-uk-subsidiary-awarded-a-166-million-contract-for-the-future-naval-training-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/elbit-systems-uk-subsidiary-awarded-a-166-million-contract-for-the-future-naval-training-program\/","title":{"rendered":"Elbit Systems&#8217; UK Subsidiary Awarded a $166 Million Contract for the Future Naval Training Program"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">HAIFA, Israel<\/span>, <span class=\"xn-chron\">Jan. 11, 2021<\/span> \/PRNewswire\/ &#8212;<b>\u00a0Elbit Systems Ltd. <\/b>(NASDAQ: ESLT)<b>\u00a0and <\/b>(TASE: ESLT)<b>\u00a0<\/b>(&#8220;Elbit Systems&#8221; or &#8220;the Company&#8221;) announced today that its subsidiary, Elbit Systems UK Ltd. (&#8220;Elbit Systems UK&#8221;), was awarded a contract valued at approximately <span class=\"xn-money\">$166 million<\/span> (approximately \u00a3123 million)\u00a0from the\u00a0UK Ministry of Defence\u00a0(&#8220;UK MOD&#8221;) for the Royal Navy Future Naval Training Program (&#8220;the Program&#8221;) as part of the Fisher consortium led by Capita plc. (&#8220;the\u00a0Consortium&#8221;).\u00a0 The contract will be performed over a 12-year period.<\/p>\n<p>The Program calls for the transformation and modernisation of the shore-based training of the Royal Navy including the establishment of the Future\u00a0Submarine School. As the provider and integrator of training solutions for the Consortium, Elbit Systems UK will develop and deliver a new Combat\u00a0Systems\u00a0Operator\u00a0Trainer in the Future Submarine School and modernise and manage legacy synthetic training systems across the Royal Navy.\u00a0Elbit 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. <\/p>\n<p>\n        <b><br \/>\n          <span class=\"xn-person\">Martin Fausset<\/span>, CEO of Elbit Systems UK<\/b>, said: &#8220;The Program will be a pathfinder for the Royal Navy&#8217;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&#8217;s provision of advanced training capabilities to the British Army and the Royal Air Force.&#8221; <\/p>\n<p>\n        <b><br \/>\n          <u>About Elbit Systems<\/u><br \/>\n        <\/b>\n      <\/p>\n<p>Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance (&#8220;C4ISR&#8221;), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios, cyber-based systems and munitions. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.<\/p>\n<p>For additional information, visit: <a target=\"_blank\" href=\"https:\/\/elbitsystems.com\/\" rel=\"nofollow noopener noreferrer\">https:\/\/elbitsystems.com\/<\/a>, follow us on <a target=\"_blank\" href=\"https:\/\/twitter.com\/ElbitSystemsLtd\" rel=\"nofollow noopener noreferrer\">Twitter<\/a> or visit our official <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/elbitsystemsltd\/\" rel=\"nofollow noopener noreferrer\">Facebook<\/a>, <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/c\/elbitsystems\" rel=\"nofollow noopener noreferrer\">Youtube<\/a> and <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/elbitsystems\/\" rel=\"nofollow noopener noreferrer\">LinkedIn<\/a> Channels.<\/p>\n<p>\n        <br \/>\n        <b><br \/>\n          <u>Contacts: <\/u><br \/>\n        <\/b>\n      <\/p>\n<p>\n        <b><br \/>\n          <u>Company Contact:<\/u><br \/>\n        <\/b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/p>\n<p><b><span class=\"xn-person\">Joseph Gaspar<\/span>, <\/b><i>Executive VP &amp; CFO<\/i><br \/>Tel:\u00a0 +972-4-8316663 <br \/><a target=\"_blank\" href=\"mailto:j.gaspar@elbitsystems.com\" rel=\"nofollow noopener noreferrer\">j.gaspar@elbitsystems.com<\/a><\/p>\n<p><b><span class=\"xn-person\">Rami Myerson<\/span>, <\/b><i>Director, Investor Relations<\/i><br \/>Tel: +972-77-2948984 <br \/><a target=\"_blank\" href=\"mailto:rami.myerson@elbitsystems.com\" rel=\"nofollow noopener noreferrer\">rami.myerson@elbitsystems.com<\/a><\/p>\n<p><b>David Vaaknin, <\/b><i>VP, Head of Corporate Communications<\/i><br \/>Tel: +972-77-2946691 <br \/><a target=\"_blank\" href=\"mailto:david.vaaknin@elbitsystems.com\" rel=\"nofollow noopener noreferrer\">david.vaaknin@elbitsystems.com<\/a><\/p>\n<p><b>IR Contact:<\/b><\/p>\n<p><b><span class=\"xn-person\">Ehud Helft<\/span><br \/><span class=\"xn-person\">Kenny Green<\/span><\/b><br \/><i>GK Investor Relations <br \/><\/i>Tel: 1-646-201-9246 <br \/><a target=\"_blank\" href=\"mailto:elbitsystems@gkir.com\" rel=\"nofollow noopener noreferrer\">elbitsystems@gkir.com<\/a><\/p>\n<p>This press release may contain forward\u2013looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended\u00a0and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and\/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management&#8217;s current expectations, estimates, projections and assumptions\u00a0about future events. Forward\u2013looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties\u00a0and assumptions about the Company, which are difficult to predict, including projections of the Company&#8217;s future financial results, its anticipated growth strategies and anticipated trends in its business.\u00a0 Therefore, actual future results, performance and trends may differ materially from these forward\u2013looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including <span class=\"xn-location\">Israel<\/span> and <span class=\"xn-location\">the United States<\/span> among others; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and\/or regulatory proceedings.\u00a0 The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.&#8217;s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward\u2013looking statements speak only as of the date of this release. Although the Company believes the expectations reflected in the\u00a0forward-looking\u00a0statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these\u00a0forward-looking\u00a0statements. The Company does not undertake to update its forward-looking statements.<\/p>\n<p>Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this Press Release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies.\u00a0 All other brand, product, service and process names appearing are the trademarks of their respective holders.\u00a0 Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p \/>\n<p \/>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=IO44094&amp;sd=2021-01-11\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/elbit-systems-uk-subsidiary-awarded-a-166-million-contract-for-the-future-naval-training-program-301204988.html\">http:\/\/www.prnewswire.com\/news-releases\/elbit-systems-uk-subsidiary-awarded-a-166-million-contract-for-the-future-naval-training-program-301204988.html<\/a><\/p>\n<p>SOURCE  Elbit Systems Ltd.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=IO44094&amp;Transmission_Id=202101110306PR_NEWS_USPR_____IO44094&amp;DateId=20210111\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire HAIFA, Israel, Jan. 11, 2021 \/PRNewswire\/ &#8212;\u00a0Elbit Systems Ltd. (NASDAQ: ESLT)\u00a0and (TASE: ESLT)\u00a0(&#8220;Elbit Systems&#8221; or &#8220;the Company&#8221;) announced today that its subsidiary, Elbit Systems UK Ltd. (&#8220;Elbit Systems UK&#8221;), was awarded a contract valued at approximately $166 million (approximately \u00a3123 million)\u00a0from the\u00a0UK Ministry of Defence\u00a0(&#8220;UK MOD&#8221;) for the Royal Navy Future Naval Training Program (&#8220;the Program&#8221;) as part of the Fisher consortium led by Capita plc. (&#8220;the\u00a0Consortium&#8221;).\u00a0 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\u00a0Submarine School. As the provider and integrator of training solutions for the Consortium, Elbit Systems UK will develop and deliver a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/elbit-systems-uk-subsidiary-awarded-a-166-million-contract-for-the-future-naval-training-program\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Elbit Systems&#8217; UK Subsidiary Awarded a $166 Million Contract for the Future Naval Training Program&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-411558","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Elbit Systems&#039; UK Subsidiary Awarded a $166 Million Contract for the Future Naval Training Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/elbit-systems-uk-subsidiary-awarded-a-166-million-contract-for-the-future-naval-training-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elbit Systems&#039; UK Subsidiary Awarded a $166 Million Contract for the Future Naval Training Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire HAIFA, Israel, Jan. 11, 2021 \/PRNewswire\/ &#8212;\u00a0Elbit Systems Ltd. (NASDAQ: ESLT)\u00a0and (TASE: ESLT)\u00a0(&#8220;Elbit Systems&#8221; or &#8220;the Company&#8221;) announced today that its subsidiary, Elbit Systems UK Ltd. (&#8220;Elbit Systems UK&#8221;), was awarded a contract valued at approximately $166 million (approximately \u00a3123 million)\u00a0from the\u00a0UK Ministry of Defence\u00a0(&#8220;UK MOD&#8221;) for the Royal Navy Future Naval Training Program (&#8220;the Program&#8221;) as part of the Fisher consortium led by Capita plc. (&#8220;the\u00a0Consortium&#8221;).\u00a0 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\u00a0Submarine School. As the provider and integrator of training solutions for the Consortium, Elbit Systems UK will develop and deliver a &hellip; Continue reading &quot;Elbit Systems&#8217; UK Subsidiary Awarded a $166 Million Contract for the Future Naval Training Program&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/elbit-systems-uk-subsidiary-awarded-a-166-million-contract-for-the-future-naval-training-program\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-11T08:09:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=IO44094&amp;sd=2021-01-11\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/elbit-systems-uk-subsidiary-awarded-a-166-million-contract-for-the-future-naval-training-program\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/elbit-systems-uk-subsidiary-awarded-a-166-million-contract-for-the-future-naval-training-program\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Elbit Systems&#8217; 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(NASDAQ: ESLT)\u00a0and (TASE: ESLT)\u00a0(&#8220;Elbit Systems&#8221; or &#8220;the Company&#8221;) announced today that its subsidiary, Elbit Systems UK Ltd. (&#8220;Elbit Systems UK&#8221;), was awarded a contract valued at approximately $166 million (approximately \u00a3123 million)\u00a0from the\u00a0UK Ministry of Defence\u00a0(&#8220;UK MOD&#8221;) for the Royal Navy Future Naval Training Program (&#8220;the Program&#8221;) as part of the Fisher consortium led by Capita plc. (&#8220;the\u00a0Consortium&#8221;).\u00a0 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\u00a0Submarine School. As the provider and integrator of training solutions for the Consortium, Elbit Systems UK will develop and deliver a &hellip; Continue reading \"Elbit Systems&#8217; UK Subsidiary Awarded a $166 Million Contract for the Future Naval Training Program\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/elbit-systems-uk-subsidiary-awarded-a-166-million-contract-for-the-future-naval-training-program\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-11T08:09:36+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=IO44094&amp;sd=2021-01-11","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/elbit-systems-uk-subsidiary-awarded-a-166-million-contract-for-the-future-naval-training-program\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/elbit-systems-uk-subsidiary-awarded-a-166-million-contract-for-the-future-naval-training-program\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Elbit Systems&#8217; 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