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."
Source: Arotech Corporation
Date: May 2, 2013