Faac Incorporated Announces $10.4 million in New Orders
Ann Arbor, Michigan – November 7, 2013 – Arotech Corporation (NasdaqGM: ARTX), a provider of quality defense and security products for the military, law enforcement and homeland security markets, announced today that its Training and Simulation Division has recently received $10.4 million in new contracts awards and modifications to previous awarded contracts.
Spanning all training and simulation business segments, the orders are highlighted by over $5 million in awards for its Zone Acquisition Program software embedded in operational fighter aircraft to support pilot weapon employment.
“Our simulation division has been very successful in developing established customer relationships while adding new customers and new applications for our technology,” commented Robert S. Ehrlich, Arotech’s Chairman and Chief Executive Officer. “The magnitude of these new wins and that fact that they are spread across the breadth of our operations, highlight the strength of our Training and Simulation Division.”
About Arotech’s Training and Simulation Division
Arotech’s Training and Simulation Division (ATSD) provides world-class simulation based training solutions. ATSD develops, manufactures, and markets advanced high-tech multimedia and interactive digital solutions for engineering, use-of-force, and operator training simulations for military, law enforcement, security, municipal and private industry personnel. The division’s fully interactive operator training systems feature state-of-the-art vehicle simulator technology enabling training in situation awareness, risk analysis and decision-making, emergency reaction and avoidance procedures, conscientious equipment operation, and crew coordination. The division’s use-of-force training products and services allow organizations to train their personnel in safe, productive, and realistic environments. The division provides consulting and developmental support for engineering simulation solutions. The division also supplies pilot decision-making support software for the F-15, F-16, F-18, F-22, and F-35 aircraft, simulation models for the ACMI/TACTS air combat training ranges, and Air-Refueling Boom Arm simulators.
Arotech’s Training and Simulation Division consists of FAAC Incorporated (www.faac.com), IES Interactive Training (www.ies-usa.com), and Realtime Technologies (www.simcreator.com).