ROSH HA'AYIN, Israel, June 8 /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 $ 0.3 million, or $0.00 per share for first quarter of 2006, compared with a net loss of $ 0.2 million, or $0.00 per share for the first quarter of 2005.

Revenues for the first quarter of 2006 were $2.3 million, compared with revenues of $4.9 million for the first quarter of 2005.

The gross profit for the first quarter of 2006 was $0.7 million, the same as the first quarter of 2005.

First quarter 2006 operating loss was $0.3 million, compared with an operating loss of $ 0.2 million for the same period of last year.

BVR Systems (1998) Ltd., (OTCBB:BVRSF.OB - News) is a world leader in advanced defense training and simulation systems.

For more information visit the Company's web site at http://www.bvrsystems.com/

This press release contains forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of BVR Systems' management and are subject to a number of factors and uncertainties that could cause actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements. These factors include but are not limited to the fact that the Company has experienced reduction in backlog; the Company has reported operating and/or net losses in the past and may report operating and/or net loses in the future, conditions in Israel affect the Company's operations and may limit its ability to produce and sell its products, changes in technology and market requirements; decline in demand for the company's products; inability to timely develop and introduce new technologies, products and applications; loss of market share and pressure on pricing resulting from competition. For other factors that could cause BVR Systems' results to vary from expectations, please see the Company's reports filed from time to time with the SEC.

Contacts:

Ilan Gillies, CEO

BVR Systems (1998) Ltd.

Tel: +972-3-900-8000

B.V.R. Systems (1998) Ltd.