ANN ARBOR — Arotech Corp. (Nasdaq ARTX) announced
that its Power System Division, which includes UEC
Electronics, has been awarded $10.7 million in orders since
Delivery of the products and services associated with these
contracts and work orders is anticipated to begin in 2015 and
to run through calendar year 2016 and beyond.
The contracts and follow-on work orders received include
hybrid power systems orders and vehicle power distribution
products. The company’s Power Systems Division continues
to win important developmental contracts that should lead to
larger production efforts in the future.
Said Arotech president and CEO: “We believe these orders
are the result of a long-term strategy that is focused on
successful delivery of cost effective, innovative solutions and
products that provide enhanced operational capability and
represent significant savings for our customers.”
Arotech offers defense and security products to the military,
law enforcement and homeland security markets, including
multimedia interactive simulators and trainers and advanced
zinc-air and lithium batteries and chargers. Arotech operates
two major business divisions, Training and Simulation, and
Besides its Ann Arbor headquarters, Arotech has research,
development and production subsidiaries in Michigan, South
Carolina, and Israel.
More at http://www.arotech.com.