Arotech Corporation [Nasdaq GM: ARTX] announced that its Training and Simulation Division (ATSD) has received $6.3 million in new orders. These orders were from a number of defense and municipal customers for various simulation products and systems across ATSD's operating units. The awards were highlighted by continued support contracts for FAAC's weapon employment software, university and transit department driving simulators, and an order for MILO Response, a new application of the Company's MILO judgment skills system to train emergency medical technicians.
Commented Mr. Robert S. Ehrlich, Chairman and CEO of Arotech, "Following the large VCTS follow on order that we received early in the second quarter, we are pleased that our Training and Simulation Division continues its strong performance. These orders add to Arotech's already strong backlog, providing us with a high level of confidence in our future growth."
Source: Arotech Corporation
Date: Aug 7, 2014