BVR Systems also won a $1.6 million follow-on contract from a customer in Asia.
Defense training and simulation systems provider BVR Systems (1998) Ltd. (OTC Bulletin Board: BVRSF.OB), today announced the award of two contracts, valued at approximately $6 million, for the provision of its EHUD air combat maneuvering instrumentation (ACMI) systems for the air force of a member NATO, and the award of a follow-on contract for a customer in Asia, valued at approximately $1.6 million.
The EHUD ACMI systems will be used for real-time, autonomous combat training and debriefing. The contracts include the provision of new systems as well as the upgrading of existing systems in service for the NATO member air force.
MLM (pronounced Malam), a division of IAI, which cooperates with BVR in the production of the EHUD ACMI systems, will act as BVR's main subcontractor for the project and provide components of the system.
BVR Systems chairman, Aviv Tzidon said,"We are pleased to receive this contract from a NATO member air force, which endorses the prime position held by BVR's EHUD ACMI system, as the top air combat training system in the world today. This new contract emphasizes once again the requirements of the NATO ACMI community for commonality and interoperability within NATO, enhancing the overall training value and operational levels. This award is a tribute to our technological leadership and strong competitive position."
BVR noted that more than 15 leading air forces, including many NATO countries, have chosen the EHUD ACMI system.
In addition, BVR was awarded a follow-on contract from a customer in Asia, valued at $1.6M. The program calls for the provision of integrated logistic support services for a period of three years for a training system that was previously provided by BVR.
Published by Globes [online] - www.globes.co.il - on Sunday, September 12, 2004