Boeing

Boeing [NYSE:BA] and BVR Systems (1998) Ltd. [NASDAQ:BVRS], both leaders in advanced military training and simulation, today announced that they are jointly pursuing the P5 Combat Training System, or P5 CTS, program for the U.S. Department of Defense.

The program, currently in the competitive phase, will provide complete rangeless air-combat training systems for the U.S. Air Force, Navy and Marine Corps. The program will include both aircraft-mounted systems and ground stations, enabling tactical aircrews to conduct, monitor and control air combat training and post-flight debriefing.

The award decision is expected late this month. The program has a total potential value of approximately $270 million.

"By combining the full commitment and capabilities of Boeing and BVR, we are bringing the best that industry has to offer to this important program," said Tony Robertson, vice president of business development for Aerospace Support, part of Boeing Integrated Defense Systems. "The combination of our tactical aircraft development expertise, state-of-the-art training technologies and systems integration processes, with the capabilities and experience of BVR, a world leader in the air-combat maneuvering instrumentation arena, provides an industry team with unmatched qualifications for the P5 CTS program."

Through its Aerospace Support organization, Boeing provides the full spectrum of training systems and services for military organizations, including complete, integrated training systems for the Navy F/A-18 and T-45, the Air Force F-15, F-22 and T-1A, and the Army AH-64D and RAH-66 programs. In addition, Boeing is the leader in the innovative U.S. Air Force Distributed Mission Training joint synthetic battlespace concept.

"BVR is proud to partner with Boeing in the area of combat training systems," said Yoel Katzir, BVR chief executive officer. "We believe there are significant synergies between Boeing's exceptional capabilities as a world-class integrator and major player in the virtual- and constructive-training domains, and BVR's extensive experience in the live-training market and, more specifically, in air-combat training systems."

BVR Systems (1998) Ltd., is a world leader in advanced defense training and simulation systems. The company is part of the Elisra Group of Israel and offers highly efficient, cost-effective solutions for the simulation, training and debriefing needs of modern air, sea and ground forces.

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