Arotech Corporation [Nasdaq GM: ARTX] announced that its Training and Simulation Division (ATSD) recently received $9.1 million in new orders and contract modifications. While these orders span all of ATSD's business areas, they were highlighted by significant awards for its embedded ZAP pilot weapon employment software, on-site contractor logistical support for its fielded VCTS and BOSS units, and live-fire MILO Range training solutions.
"This very strong end to the third quarter is indicative of the continued solid performance of our Training and Simulation Division," commented Mr. Steven Esses, President and CEO of Arotech. "Our success in delivering on our larger programs has led directly to continued substantial follow-on opportunities while we continue our program of bringing in new customers."
Source: Arotech Corporation
Date: Oct 6, 2014