Arotech Gets $8.9M In Follow-On Orders From Army For Training Technology
ANN ARBOR (WWJ) -- Ann Arbor-based FAAC Inc., part of Arotech Corp.'s (Nasdaq: ARTX) Training and Simulation Division, has received a contract modification exercising options on its Virtual Clearance Training Suites contract.
The exercised options amount to $8.9 million to continue to support the US Army's simulation based training requirements.
VCTS simulates the wide array of large and small technical devices, purpose-built mine-protected detection and clearing vehicles, and ever-evolving tactics and techniques used by the U.S. Army to combat improvised explosive devices.
Robert S. Erlich, Arotech chairman and CEO, said the order reflects "the strong value and ROI our customer has already gained with our system deliveries to date. This is another example of how our client engagements have significant inherent potential, which very often lead to additional orders down the road."
Arotech's Training and Simulation Division develops, manufactures, and markets advanced multimedia and interactive digital products for engineering, use-of-force, and driver training simulations for military, law enforcement, security, municipal and private industry personnel. The division's fully interactive driver-training systems feature realistic vehicle simulator technology enabling training in situation awareness, risk analysis and decision-making, emergency reaction and avoidance procedures, and conscientious equipment operation. The division's use-of-force training products and services allow organizations to train their personnel in safe, productive, and realistic environments. The division also provides consulting and developmental support for engineering simulation solutions, as well as pilot decision-making support software for the F-15, F-16, F-18, F-22, and F-35 aircraft, as well as simulation models for the ACMI/TACTS air combat training ranges.
Arotech's Training and Simulation Division consists of FAAC Inc. (www.faac.com), IES Interactive Training (www.ies-usa.com) and Realtime Technologies (www.simcreator.com).
Arotech is headquartered in Ann Arbor, with research, development and production subsidiaries in Alabama, Michigan, and Israel. For more information, visit www.arotech.com.
