Arotech Corporation [Nasdaq GM: ARTX] announced that its Training and Simulation Division (ATSD) has recently received $6.7 million in new awards and contract modifications. These orders include a $2.6 million award for its MILO Use-of-Force training system to the military of an allied Middle Eastern country and $2.3 million of funding to continue on-site logistical support for its fielded Virtual Clearance Training Suites.
"These orders culminate a solid year for our Training and Simulation Division," commented Mr. Steven Esses, President and CEO of Arotech. "These recent awards are evidence of our successful approach to look for strategically targeted international opportunities for future growth as we continue to service our core markets."
Source: Arotech Corporation
Date: Dec 29, 2014