Arotech Training and Simulation Division Announces $4.2M in Awards on Its Boom Operator Simulator System Program
September 22 2016 - 8:25AM
Arotech Corporation (Nasdaq:ARTX) announced that FAAC Incorporated,
part of its Training and Simulation Division, received $4.2 million
in awards on its current U.S. Air National Guard KC-135 Boom
Operator Simulation System (BOSS) contract from U.S. Army PEOSTRI.
The awards, in the form of exercised options and an engineering
change proposal, continue FAAC’s contractor operator/maintenance
support (COMS) and Training System Support Center (TSSC) activities
into FY17. COMS provides for on-site personnel and depot
maintenance support for each of the 17 BOSS units delivered under
this contract. TSSC provides engineering and sustainment
services/materials to the fielded systems to include bi-annual USAF
simulator certification and targeted hardware modifications to
enhance the BOSS systems.
“These awards represent continued commitment
from the Air National Guard to the operational readiness of the
fielded BOSS units,” said Christopher Caruana, Arotech’s Training
& Simulation Division Executive Vice President. “With this
sustained support, the Guard’s Air Refueling Wings can rely on the
BOSS to train refueling boom operators and will continue to realize
the benefits and costs savings associated with this recently
delivered training capability.”
About Arotech’s Training and Simulation
Division
Arotech’s Training and Simulation Division
(ATSD) provides world-class simulation based 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 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. The division also provides consulting and
developmental support for engineering and research simulation
solutions.
Arotech’s Training and Simulation Division
consists of FAAC Incorporated (www.faac.com), MILO Range Training
Systems (www.milorange.com), and Realtime Technologies
(www.simcreator.com).
About Arotech Corporation
Arotech Corporation is a leading provider of
quality defense and security products for the military, law
enforcement and homeland security markets, including multimedia
interactive simulators/trainers and advanced zinc-air and lithium
batteries and chargers. Arotech operates two major business
divisions: Training and Simulation, and Power Systems.
Arotech is incorporated in Delaware, with
corporate offices in Ann Arbor, Michigan, and research, development
and production subsidiaries in Michigan, South Carolina, and
Israel. For more information on Arotech, please visit Arotech's
website at www.arotech.com.
Except for the historical information herein,
the matters discussed in this news release include forward-looking
statements, as defined in the Private Securities Litigation Reform
Act of 1995. Forward-looking statements reflect management's
current knowledge, assumptions, judgment and expectations regarding
future performance or events. Although management believes that the
expectations reflected in such statements are reasonable, readers
are cautioned not to place undue reliance on these forward-looking
statements, as they are subject to various risks and uncertainties
that may cause actual results to vary materially. These risks and
uncertainties include, but are not limited to, risks relating to:
product and technology development; the uncertainty of the market
for Arotech's products; changing economic conditions; delay,
cancellation or non-renewal, in whole or in part, of contracts or
of purchase orders (including as a result of budgetary cuts
resulting from automatic sequestration under the Budget Control Act
of 2011); and other risk factors detailed in Arotech's most recent
Annual Report on Form 10-K for the fiscal year ended December 31,
2015 and other filings with the Securities and Exchange Commission.
Arotech assumes no obligation to update the information in this
release. Reference to the Company's website above does not
constitute incorporation of any of the information thereon into
this press release.
Contact: Andrea Herman 1-516-874-0597
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