- Elbit Systems ( NASDAQ: ESLT ) on Tuesday secured a contract in an amount of ~$180M 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, that combine to enable simulation of both current and future battlefield environments.
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Elbit Systems bags a $180M contract from the Israeli MOD to provide a MTC for its F-16 fleet