Arotech Training and Simulation Division’s FAAC Incorporated Receives Army Simulator Maintenance Subcontract Valued at Up t...
January 07 2019 - 8:05AM
FAAC Incorporated, a unit of Arotech Corporation’s [NasdaqGM: ARTX]
Training and Simulation Division, announced that it has received a
subcontract to support the Army Training Aids, Devices, Simulators
and Simulations (TADSS) Maintenance Program (ATMP). The subcontract
to ATMP prime contractor, Lockheed Martin Corporation Rotary and
Mission Systems, is currently valued at up to $14M over seven
years. The first support period through June 2019 has been fully
funded with six option periods to cover the remaining period of
performance.
FAAC Incorporated will provide technical
expertise and staff maintenance positions of various skill levels
at Fort Leonard Wood, MO, Camp Shelby, MS, and Camp McCain, MS.
On-site personnel will be tasked with supporting Army TADSS at
those locations. In addition, as part of Lockheed Martin’s core
ATMP team, FAAC will have the opportunity to bid on supporting
other simulator upgrade/improvement efforts above and beyond the
scope of the current support subcontract.
ATMP, a program under the Program Executive
Office for Simulation, Training and Instrumentation (PEO STRI),
will provide worldwide maintenance support for TADSS, Digital
Ranges, and Combat Training Center Instrumentation Systems.
“We appreciate being part of Lockheed Martin’s
ATMP team and look forward to providing outstanding support to the
sites and systems we are responsible for,” said Kurt Flosky, FAAC
President. “We are excited to expand our on-site presence and
leverage FAAC’s decades of experience providing and supporting
simulation solutions across all of the U.S. Armed Forces, and to
contribute to ATMP’s success.”
About Arotech’s Training and Simulation
DivisionArotech’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
CorporationArotech Corporation is a defense and security
company engaged in two business areas: interactive simulation and
mobile 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.
Investor Relations
Contact:Scott
SchmidtScott.Schmidt@arotechusa.com800-281-0356
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
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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,
2017 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
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