Arotech's FAAC Receives $63.4 M for US Army Virtual Clearance Training Suites

FAAC Incorporated, part of Arotech Corporation's (NasdaqGM: ARTX) Training and Simulation Division, has received a $63.4 million contract award for the design, development, production, and delivery of 28 Virtual Clearance Training Suites (VCTS). VCTS simulates the wide array of large and small technical devices, purpose-built mine-protected detection and clearing vehicles, and ever-evolving tactics and techniques used by the U.S. Army to combat improvised explosive devices. This award, from the U.S. Army Program Executive Office for Simulation, Training & Instrumentation (PEO STRI), is a competitive small-business delivery order under the STRI Omnibus Contract known as STOC II. This base order for 28 systems is to be delivered incrementally over a 36-month period. Including all priced options this award is valued at up to $93.9 million. "The Virtual Route Clearance Training Suite provides a simulation-based solution to train Route Clearance Teams in coordinated operation for the set of Route Clearance equipment," said Kurt Flosky, FAAC Executive Vice President. "Our VCTS solution provides the Right Fidelity solution to satisfy the Army's urgent and long term need for training in an IED environment." "This is a great win for FAAC and validates Arotech's commitment to the training and simulation market," noted Robert Ehrlich, Arotech's CEO. "We are proud that our training solutions are able to play a role in preparing our nation's Warfighters for their important mission," concluded Ehrlich. Inclusive of this order, but not including the priced options, Arotech's backlog stands at a record $105 million.

Source: Arotech Corporation
Date: May 11, 2011