Eviation Aircraft Ltd. (fka EVTNF)

[midastouch017]

BVR Systems (1998) LTD. Reports Third Quarter Results for 2006
Monday November 13, 6:51 am ET

ROSH HA'AYIN, Israel, November 13 /PRNewswire-FirstCall/ -- BVR Systems (1998) Ltd. (OTCBB: BVRSF.OB - News), a diversified world leader in advanced military training and simulation systems, today announced a net loss of $0.6 million or $0.01 per share for the third quarter of 2006, compared with a net profit of $0.6 million, or $0.01 per share for the third quarter of 2005. Net loss for the first nine months of 2006 was $2.1 million or $0.02 per share, compared with a net profit of $0.4 million or $0.00 per share for the first nine months of 2005.

Revenues for the third quarter of 2006 were $2.6 million, compared with revenues of $5.9 million for the third quarter of 2005. For the first nine months of 2006, BVR's revenues were $6.4 million compared with revenues in the first nine months of 2005 of $14.7 million.

Gross profit for the third quarter of 2006 was $0.4 million, compared with a gross profit of $1.6 million for the third quarter of the previous year. For the first nine months of 2006, gross profit was $1.1 million compared with a gross profit of $3.4 million for the first nine months of 2005.

Operating loss for the third quarter of 2006 was $0.6 million, compared with an operating profit of $0.6 million for the same period last year. Operating loss for the first nine months of 2006 was $1.9 million compared with an operating profit of $0.5 million for the first nine months of 2005.

BVR's order backlog at the end of the third quarter of 2006 was approximately $23.8 million.

During the third quarter of 2006 the Company announced the award of a major Naval Embedded Simulation contract in the value of approximately US $12 million.

BVR Systems (1998) Ltd., (OTCBB: BVRSF.OB - News) is a diversified world leader in advanced defense training and simulation systems. For more information, visit the Company's web site at http://www.bvrsystems.com.

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