BVR Systems Contracted by Aermacchi S.p.A. to Upgrade Two Simulators Valued at US$4.5 Milliontitle
ROSH HAAYIN, Israel, Jan. 2 /PRNewswire-FirstCall/ -- BVR Systems (1998)
Ltd. (OTC Bulletin Board: BVRSF), today reported that it has been contracted
by Aermacchi S.p.A., a leading manufacturer and producer of modern military
training aircraft in Europe, to upgrade two (2) flight simulators of the
MB339A aircraft for a total value of US$4.5 million.
The program shall include development and manufacture of all components of
the simulators, except for the cockpits of existing MB339A simulators in
service for the Italian Air Force, which shall be re-used and upgraded.
The systems will simulate the MB-339A training aircraft in its Mid-Life
Upgrade (MLU) configuration and will include BVR Systems advanced simulation
software, a modern visual system providing a 170 degree horizontal field of
view, and a high-resolution visual database, all of which is optimized for
real-time performance and realistic simulation.
The two MB-339A MLU simulators are scheduled to be delivered to the
Italian Air Force during 2007. This contract follows BVRs successful
delivery, in 2003, of the MB-339 CD full mission simulator currently in
service at the Italian Pilot Training School (61st Squadron) in Lecce-
Galatina.
BVR Systems Chief Executive Officer, Ilan Gillies, said the new order is
an important achievement for the Company, as BVR will be delivering these
simulators to an already established customer. "We are proud to provide these
simulators to Aermacchi and the Italian Air Force. This contract is proof of
the confidence of the customer in BVRs advanced simulation product. We are
pleased to cooperate once again with Aermacchi, and hope that this will
further cement our relationship in the simulation and embedded training
markets. BVR considers Aermacchi as a strategic partner for long term
developments of advanced training and simulation solutions. In June 2005, BVR
together with Aermacchi demonstrated its Embedded Virtual Avionics product
during the recent Paris Air show and is planning additional demonstrations in
the near future."
About BVR Systems
BVR Systems (1998) Ltd. is a world leader in advanced defense training and
simulation systems. The Company offers highly efficient, cost-effective
solutions to the simulation, training and debriefing needs of modern air, sea
and ground forces.
For more information visit the Companys web site at
http://www.bvrsystems.com
Contact:
Ilan Gillies - CEO
BVR Systems (1998) Ltd.
Tel +972-3-900-8000
This press release may contain forward-looking statements within the
meaning of the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are based on the current
expectations of the management of BVR only, and are subject to a number of
factors and uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. The following factors,
among others, could cause actual results to differ materially from those
described in the forward-looking statements: changes in technology and market
requirements; decline in demand for BVRs products; inability to timely
develop and introduce new technologies, products and applications; loss of
market share and pressure on pricing resulting from competition, which could
cause the actual results or performance of BVR to differ materially from those
contemplated in such forward-looking statements. BVR undertakes no obligation
to publicly release any revisions to these forward-looking statements to
reflect events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events. For a more detailed description of the
risk and uncertainties affecting BVR, reference is made to BVRs reports filed
from time to time with the Securities and Exchange Commission.
