ANN ARBOR, Mich., May 2, 2013 /PRNewswire/ -- Arotech Corporation (NasdaqGM: ARTX) has secured $4.0 million in new contract funding in recent months for training and simulation products and services. The new funding spanning all training and simulation business units, is highlighted by significant awards for programs in Air Warfare Simulation and US Air Force Zone Acquisition Process software for pilot weapon employment.
"As we move through 2013, we have continued the track record of success for our Training and Simulation products and services," commented Robert S. Ehrlich, Arotech's Chairman and Chief Executive Officer. "We are encouraged by the new funded contract awards which includes a mix of both new and repeat customers, very much demonstrating the attractiveness of our offerings."
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). 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 Battery and Power Systems.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts