Arotech Training and Simulation Division Announces Exercise of $10.6 M of Support Options

Arotech Corporation's [Nasdaq GM: ARTX] Training and Simulation Division (ATSD) announced that $10.6 million of support options for its U.S. Army Virtual Clearance Training Suite (VCTS) and U.S. Air National Guard Boom Operator Simulation System (BOSS) programs have been exercised. These options for FY2016 support are currently funded to $3.4 million, with the remaining $7.2 million expected to be incrementally funded by the end of 2016.

The support option provided includes on-site operator and maintenance personnel in addition to hardware and software support of the installed systems. VCTS is currently installed at 27 Army bases worldwide and continues to be upgraded to match actual methods and equipment used in the route clearance mission. BOSS has recently been certified by the U.S. Air Force for boom operator training missions in lieu of actual flight time. Training systems have been delivered to 11 of the 16 Air National Guard Refueling Wings with the remaining systems expected to be completed by mid-2016.

"We are pleased to continue support for the training and readiness of our armed service men and women who use the VCTS and BOSS," commented Mark Nethers, Arotech Training and Simulation Division Logistics Manager. "Our skilled on-site personnel, with support and training from the dedicated service and engineering teams at our production facilities, provide unparalleled service to the field."

Revenues expected from these options support the Company's current outlook and strengthens its backlog.

Source: Arotech Corporation
Date: Sep 9, 2015