Affinity Flying Training Services Ltd. was awarded an $88 million contract by the UK Ministry of Defence to operate four additional Texan T-6C aircraft, enhancing pilot training capabilities for the UK's military.

Information on the Target

Affinity Flying Training Services Ltd. ("Affinity") is a joint venture established in the UK between Elbit Systems Ltd. and Kellog, Brown and Root Ltd. ("KBR"), with each party owning a 50% share. Recently, Affinity was awarded a contract valued at approximately $88 million (£65 million) by the UK Ministry of Defence to operate four additional Texan T-6C aircraft for the UK Military Flying Training System ("UKMFTS") program. This contract will be executed over a span of 12 years, further solidifying Affinity's role in aviation training for the UK’s military forces.

The Texan T-6C aircraft operated by Affinity will primarily be stationed at Royal Air Force ("RAF") Valley, augmenting the existing fleet of 10 Texans already in service. The UKMFTS program is critical for the United Kingdom, responsible for delivering and supporting RAF pilot training, which encompasses procurement, operational training, and maintenance services. To date, Affinity has successfully recorded over 20,000 flying hours under this essential training initiative.

Industry Overview in the UK

The UK defense industry is one of the largest in Europe, characterized by a strong emphasis on innovation and advanced technology. With an annual budget exceeding £40 billion, the

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Elbit Systems Ltd.

invested in

Affinity Flying Training Services Ltd.

in 2021

in a Joint Venture deal

Disclosed details

Transaction Size: $88M

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