Arotech Corporation [Nasdaq GM: ARTX] announced that its Training and Simulation Division (ATSD) has received $7.4 million in new awards and contract modifications. These funded orders are highlighted by a $1.7 million modification to increase the capabilities of the US Army's Virtual Clearance Training Suites (VCTS) and over $1 million in orders for its transit and public safety driving simulators.
"We continue to evolve and expand the capabilities our current products while innovating new solutions," commented Kurt Flosky , Arotech Training and Simulation Division President. "These awards demonstrate our ability to support the expanding training and simulation needs of our current users while we successfully add new clients."
"Arotech continues to benefit from the performance of its Training and Simulation division, which provides a solid foundation to support our corporate growth strategy," commented Steven Esses , Arotech President and CEO.
Source: Arotech Corporation
Date: Jan 13, 2016