Arotech Gets $8.7M New Orders In Training, Simulation

ANN ARBOR — Ann Arbor-based Arotech Corp. (Nasdaq: ARTX) announced that its Training and Simulation Division has received $8.7 million in incremental awards and contract modifications since September.

Delivery of the products and services associated with these contracts orders is anticipated to begin in 2015 and run through calendar year 2016 and beyond.

The Simulation Division continues to benefit from strong
demand domestically and internationally for its MILO Range
Use-of-Force simulators. Recent orders also include
municipal and research driving simulator applications along
with funding for logistical support of its fielded systems.

“Our training and simulation solutions continue to gain interest
from new and existing customers in a number of diverse end
markets,” commented Steven Esses, Arotech’s president
and CEO. “We believe these orders are the result of a long-term outlook that is focused on successful delivery of cost effective, innovative solutions, including products that provide enhanced operational capability and represent significant savings for our customers.”

Arotech provides defense and security products for 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 Power Systems.

More at http://www.arotech.com.

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