Gone. Buyout @ $3

ARTX Arotech Training and Simulation Division Receives $2.9M In Awards From U.S. Department of State for FAAC Police Driving Simul...
Date : 03/20/2019 @ 4:30PM
Source : GlobeNewswire Inc.
Stock : Arotech Corp. (ARTX)
Quote : 3.07 0.05 (1.66%) @ 4:29PM

Arotech Training and Simulation Division Receives $2.9M In Awards From U.S. Department of State for FAAC Police Driving Simul...

ARTX sales off 7% not good, imho

ARTX sold all out in the 3.50's last week! Will watch after earnings to get back in or not.

Loving this ER (earnings release)??

What is your pps at a sell going into earnings this evening?

Good one. Nice week here.

ARTX still on the move up 3.24 another 5.5%
No news yet!

ARTX 3.05 buyers showing up today, maybe news pending?

Arotech 14 Million Contract FAAC Incorporated Receives Army Simulator Maintenance Subcontract Valued at Up to $14M
8:05 am ET January 7, 2019 (Globe Newswire) Print
FAAC Incorporated, a unit of Arotech Corporation's [NasdaqGM: ARTX] Training and Simulation Division, announced that it has received a subcontract to support the Army Training Aids, Devices, Simulators and Simulations (TADSS) Maintenance Program (ATMP). The subcontract to ATMP prime contractor, Lockheed Martin Corporation Rotary and Mission Systems, is currently valued at up to $14M over seven years. The first support period through June 2019 has been fully funded with six option periods to cover the remaining period of performance.

FAAC Incorporated will provide technical expertise and staff maintenance positions of various skill levels at Fort Leonard Wood, MO, Camp Shelby, MS, and Camp McCain, MS. On-site personnel will be tasked with supporting Army TADSS at those locations. In addition, as part of Lockheed Martin's core ATMP team, FAAC will have the opportunity to bid on supporting other simulator upgrade/improvement efforts above and beyond the scope of the current support subcontract.

ATMP, a program under the Program Executive Office for Simulation, Training and Instrumentation (PEO STRI), will provide worldwide maintenance support for TADSS, Digital Ranges, and Combat Training Center Instrumentation Systems.

"We appreciate being part of Lockheed Martin's ATMP team and look forward to providing outstanding support to the sites and systems we are responsible for," said Kurt Flosky, FAAC President. "We are excited to expand our on-site presence and leverage FAAC's decades of experience providing and supporting simulation solutions across all of the U.S. Armed Forces, and to contribute to ATMP's success."

About Arotech's Training and Simulation Division

Arotech's Training and Simulation Division (ATSD) provides world-class simulation based solutions. ATSD develops, manufactures, and markets advanced high-tech multimedia and interactive digital solutions for engineering, use-of-force, and operator training simulations for military, law enforcement, security, municipal and private industry personnel. The division's fully interactive operator training systems feature state-of-the-art vehicle simulator technology enabling training in situation awareness, risk analysis and decision-making, emergency reaction and avoidance procedures, conscientious equipment operation, and crew coordination. The division's use-of-force training products and services allow organizations to train their personnel in safe, productive, and realistic environments. The division supplies pilot decision-making support software for the F-15, F-16, F-18, F-22, and F-35 aircraft, simulation models for the ACMI/TACTS air combat training ranges, and Air-Refueling Boom Arm simulators. The division also provides consulting and developmental support for engineering and research simulation solutions.

Arotech's Training and Simulation Division consists of FAAC Incorporated (www.faac.com), MILO Range Training Systems (www.milorange.com), and Realtime Technologies (www.simcreator.com).

About Arotech Corporation

Arotech Corporation is a defense and security company engaged in two business areas: interactive simulation and mobile power systems.

Arotech is incorporated in Delaware, with corporate offices in Ann Arbor, Michigan, and research, development and production subsidiaries in Michigan, South Carolina, and Israel. For more information on Arotech, please visit Arotech's website at www.arotech.com.

Investor Relations Contact:

Scott Schmidt

Scott.Schmidt@arotechusa.com

ARTX more Insiders Buying 12/13

ARTX some insider Buying last week!

Arotech Corporation Q3 EPS $0.06 Beats $0.02 Estimate, Sales $23.844M Beat $23.5M Estimate
4:38 pm ET November 6, 2018 (Benzinga) Print
Arotech Corporation (NASDAQ:ARTX) reported quarterly earnings of $0.06 per share which beat the analyst consensus estimate of $0.02 by 200 percent. This is unchanged from the same period last year. The company reported quarterly sales of $23.844 million which beat the analyst consensus estimate of $23.5 million by 1.46 percent. This is a 8.04 percent decrease over sales of $25.93 million the same period last year.

© 2018 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
We are pleased to see our Simulation Division building on the positive results that were achieved in the first half of 2018,” commented Arotech CEO Dean Krutty. “In the third quarter, our MILO Training Systems group expanded its growth in U.S. military sales with penetration into the U.S. Air Force, and our vehicle simulator sales, both commercial and military, are running well. Strong sales and delivery of our simulation-based training products are improving our outlook for this division.”

“Our Power Systems Division was informed that we won an important award with SPAWAR on a new IDIQ referred to as Cyber Mission Kitting. This was offset by news we received in Q3 that the United States Marine Corps is discontinuing its efforts to upgrade the aging AAV fleet that was undergoing survivability and electrical upgrades under a prime contract with SAIC. Our role on the program as a subcontractor to SAIC was likewise terminated for convenience, which has removed some anticipated revenue from our backlog and pipeline.”

“Our battery group in Israel is delivering on what we expect to be a new sales record for water activated battery life jacket lights to the aviation and marine industries. At the same time, the new product investments we began this year are beginning to produce initial sales, and are validating our commitment to diversifying our customer base,” concluded Mr. Krutty.

Third Quarter Financial Summary

Revenues for the third quarter of 2018 were $23.8 million, compared to $25.9 million for the corresponding period in 2017, a decrease of 8.0%. The year-over-year decrease was primarily due to a decline in the Power Systems Division related to the termination for convenience order on the AAV program, as well as the decline in battery orders from the Israeli Ministry of Defense contract that was completed in early 2018.

Gross profit for the third quarter of 2018 was $7.3 million, or 30.7% of revenues, compared to $7.3 million, or 28.0% of revenues, for the corresponding period in 2017. The year-over-year increase in gross profit percentage was primarily due to program losses incurred in 2017 in the Power Systems Division and, to a lesser extent, product mix in the Training and Simulation Division for the current period.

Operating expenses were $6.2 million, or 25.9% of revenues, in the third quarter of 2018, compared to operating expenses of $6.0 million, or 23.1% of revenues, for the corresponding period in 2017.

Operating income for the third quarter was $1.1 million compared to $1.3 million in the corresponding period in 2017.

The Company’s net income for the third quarter of 2018 was $741,000, or $0.03 per basic and diluted share, compared to net income of $788,000, or $0.03 per basic and diluted share, for the corresponding period in 2017.

Adjusted Earnings per Share (Adjusted EPS) for the third quarter of both 2018 and 2017 was $0.06.

Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA) for the third quarter of 2018 was $2.4 million, compared to $2.3 million for the corresponding period of 2017.

The Company believes that information concerning Adjusted EBITDA and Adjusted EPS enhances overall understanding of the Company’s current financial performance. The Company computes Adjusted EBITDA and Adjusted EPS, which are non-GAAP financial measures, and are reflected in the tables below.

Year-to-Date Financial Summary

Revenues for the first nine months of 2018 were $73.0 million, compared to $69.7 million for the comparable period in 2017, an increase of 4.6%. The year-over-year increase was driven primarily by higher revenues in the Company’s Training and Simulation Division related to its vehicle simulation and use of force products, partially offset by a decline in the Power System Division revenue as a result of the decline in battery orders from the Israeli Ministry of Defense contract that was completed in 2017.

Gross profit for the first nine months of 2018 was $21.6 million, or 29.7% of revenues, compared to $19.7 million, or 28.3% of revenues, for the prior year period. The year-over-year increase in gross profit percentage was driven primarily by higher revenues in the Company’s Training and Simulation Division, partially offset by lower revenues in the Power Systems Division.

Operating expenses for the first nine months of 2018 were $18.9 million or 25.9% of revenues, compared to expenses of $18.8 million or 26.9% of revenues for the corresponding period in 2017.

Operating income for the first nine months of 2018 was $2.8 million, compared to operating income of $935,000 for the corresponding period in 2017.

The Company’s net income for the first nine months of 2018 was $1.4 million, or $0.05 per basic and diluted share, compared to a net loss of $(575,000), or $(0.02) per basic and diluted share, for the corresponding period in 2017.

Adjusted Earnings per Share (Adjusted EPS) for the first nine months of 2018 was $0.14, compared to $0.09 for the corresponding period in 2017.

Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA) for the first nine months of 2018 was $6.0 million, compared to $4.4 million for the corresponding period of 2017.

The Company believes that information concerning Adjusted EBITDA and Adjusted EPS enhances overall understanding of its current financial performance. Arotech computes Adjusted EBITDA and Adjusted EPS, which are non-GAAP financial measures, as reflected in the tables below.

Cash Flow Summary

The Company had net cash provided by operating activities of $3.3 million for the nine months of 2018, compared to cash provided by operating activities of $843,000 for the corresponding period in 2017.

Balance Sheet Metrics

U.S. $ in thousands September 30,
2018 December 31,
2017
Balance Sheet Metrics

Cash and cash equivalents $ 5,182 $ 5,489
Total debt $ 13,903 $ 15,911
Line of credit availability $ 7,781 $ 9,144
As of September 30, 2018, the Company had total debt of $13.9 million, consisting of $4.8 million in short-term bank debt under the Company’s credit facility and $9.1 million in long-term loans. This is in comparison to December 31, 2017, when the Company had total debt of $15.9 million, consisting of $5.1 million in short-term bank debt under its credit facility and $10.8 million in long-term loans.

The Company had a current ratio (current assets/current liabilities) of 2.1, compared with the December 31, 2017 current ratio of 2.0.

As of December 31, 2017, the Company had net operating loss carryforwards for U.S. federal income tax purposes of $40.7 million, which are available to offset future taxable income, if any, expiring in 2021 through 2032. Utilization of U.S. net operating losses is subject to annual limitations due to provisions of the Internal Revenue Code of 1986 and similar state provisions. The annual limitation may result in the expiration of net operating losses before utilization.

The Company’s backlog increased by 1.7% over the same quarter last year and 15.7% over the prior year end.

ARTX-Electric Fuel to Showcase New 24V Marine Lithium-ion Battery at METSTRADE 2018
5:00 am ET November 5, 2018 (PR Newswire) Print
Electric Fuel, a globally recognized manufacturer of professional batteries, will present its new 24V high energy density lithium-ion marine battery at the METSTRADE 2018 show which will take place in Amsterdam, Netherlands between November 13-15, 2018 (Booth #301 in Hall 12).

Electric Fuel's 24V marine battery delivers high energy and power densities with three times the energy of a similar lead-acid battery.

The company will also exhibit its 12V lithium iron phosphate marine battery as well as its high quality operationally proven line of automatic water-activated flashing LED lifejacket lights, including the new range of ALX SOLAS safety lifejacket lights based on Alkaline cells.

"Our vast experience in developing military batteries enables us to offer the marine market a range of high-performance batteries that offers a real alternative to both lead acid, gel and AGM batteries," said Electric Fuel president Ronen Badichi. "Electric Fuel's new batteries were launched in the U.S. and received a warm welcome. In the long run, our extremely powerful batteries offer an excellent return on investment."

The 24V li-ion battery is designed for propulsion of electric boats, and yachts, and for backup power of engine-propelled boats. The battery can be integrated into newly designed boats or used as a drop-in replacement for traditional lead-acid in a wide range of marine and professional vehicle applications.

The 24V battery pack is a standard sized G49 and can serve in professional applications in tough marine environments where reliable and clean energy is needed.

The 24V rechargeable battery has the following advantages:

-- High energy and power density: supporting high power thrust motors

-- Up to 1,000 cycles, enabling usage for up to ten years

-- Internal BMS providing safe and protected operation, monitoring and protection from over discharge (battery does not drain if electric equipment is left on)

-- LED state-of-charge indicator and remote communication enabling the battery to be monitored from boat computers through CANBus communication protocol

-- Fast charging - approximately 2 hours to full charge

-- High charge current management feature which facilitates charge from high power sources without disconnection

About Electric Fuel

Electric Fuel specializes in the design and manufacture of high-end rechargeable and primary batteries and charger systems for the medical device, marine, automotive and safety markets.

The company's expertise lies in a wide variety of electro-chemistries, in smart electronics and in sophisticated battery management systems (BMS). Our vast product portfolio of standard, off-the-shelf and custom batteries, chargers, BMS and wearable power electronics serves professional users in more than 30 countries on six continents.

Electric Fuel is a part of the Power Systems Division of Arotech Corporation (NASDAQ: ARTX).

Additional Information

To schedule a meeting with us at METSTRADE 2018, click here

Legal Notice

ARTX-Arotech to Release Third Quarter 2018 Results on Tuesday, November 6, 2018
8:30 am ET October 29, 2018 (Globe Newswire) Print
Conference Call Scheduled for Wednesday, November 7 at 9:00 a.m. Eastern Time

Arotech Corporation (NasdaqGM: ARTX) a provider of quality defense and security products for the military, law enforcement and homeland security markets, announced that it will release results for the quarter and nine months ended September 30, 2018, on Tuesday, November 6, 2018 after the market close.

Dean Krutty, Chief Executive Officer, and Kelli Kellar, Chief Financial Officer, will host a conference call on Wednesday, November 7, 2018 at 9:00 a.m. Eastern time, to review the Company's financial results and business outlook.

To participate, please call one of the following telephone numbers. Please dial in at least 10 minutes before the start of the call:

U.S.: 1-877-407-9205

International: +1-201-689-8054

The online playback of the conference call will be archived on Arotech's website for at least 90 days and a telephonic playback of the conference call will also be available by calling 1-877-481-4010 within the U.S. and +1-919-882-2331 internationally. The telephonic playback will be available beginning at 12:00 p.m. Eastern time on Wednesday, November 7, 2018, and continue through 9:00 a.m. Eastern time on Wednesday, November 14, 2018. The replay passcode is 38789.

About Arotech Corporation

Arotech Corporation is a defense and security company engaged in two business areas: interactive simulation and mobile power systems.

Arotech is incorporated in Delaware, with corporate offices in Ann Arbor, Michigan, and research, development and production subsidiaries in Michigan, South Carolina, and Israel. For more information on Arotech, please visit Arotech's website at www.arotech.com.

Investor Relations Contacts:

Scott Schmidt

Arotech Corporation

1-800-281-0356

Scott.Schmidt@arotechusa.com

https://resource.globenewswire.com/media/6ca46dd3-7bb7-48da-aa94-ef15a4f11ed8/small/arotech-jpg.jpg

ARTX Arotech Training and Simulation Division's Milo Range Group Receives $2.5M in U.S. Air Force Contract Awards
7:04 am ET October 23, 2018 (Globe Newswire) Print
MILO Range Training Systems, a unit of Arotech Corporation's [NasdaqGM: ARTX] Training and Simulation Division, announced that it has received new awards totaling $2.5M from the U.S. Air Force (USAF). The orders include MILO Range Theater 300, MILO Range Theater 180, and MILO Range Advanced systems. The training systems will be used to train USAF security forces at locations within the USAF Global Strike Command (AFGSC), USAF security forces and law enforcement at Lackland Air Force Base, as well as a number of other individual security units around the globe. The training equipment is scheduled to be delivered in early 2019 and includes extended product support through 2024. These awards, combined with the PACAF order previously announced, total over $4M in recent USAF awards.

The U.S. Air Force Global Strike Command is responsible for the nation's three intercontinental ballistic missile wings, the Air Force's entire bomber force, to include B-52, B-1 and B-2 wings, the Long Range Strike Bomber program, Air Force Nuclear Command, Control and Communications (NC3) systems, and operational and maintenance support to organizations within the nuclear enterprise. The Command's mission is to provide strategic deterrence, global strike and combat support. The command has approximately 33,700 military and civilian personnel deployed to locations around the globe. Outside of AFGSC, additional MILO Range Systems were ordered for Training Squadrons at Lackland AFB and to support training USAF security personnel at Edwards AFB, Dover AFB, Hurlburt Field, and RAF Mildenhall & Croughton bases in the United Kingdom.

"We are honored that the U.S. Air Force has again chosen MILO Range systems as the primary training solution for their security forces. This marks our second significant order from the USAF in as many months," said Robert McCue, MILO Range General Manager. "These newly received orders have significantly expanded our footprint within the USAF. The systems and their on-board training content were scientifically designed to increase tactical proficiency, reconstitute the defender, and greatly assist readiness in the mission to protect the personnel and equipment of the USAF. Our Theater systems are the benchmark in the industry for fully immersive and interactive scenarios," continued McCue.

"We would also like to recognize the efforts of our strategic partners at ADS, Inc. for their role in securing the orders from Air Force Global Strike Command," added McCue.

About Arotech's Training and Simulation Division

Arotech's Training and Simulation Division (ATSD) provides world-class simulation based solutions. ATSD develops, manufactures, and markets advanced high-tech multimedia and interactive digital solutions for engineering, use-of-force, and operator training simulations for military, law enforcement, security, municipal and private industry personnel. The division's fully interactive operator training systems feature state-of-the-art vehicle simulator technology enabling training in situation awareness, risk analysis and decision-making, emergency reaction and avoidance procedures, conscientious equipment operation, and crew coordination. The division's use-of-force training products and services allow organizations to train their personnel in safe, productive, and realistic environments. The division supplies pilot decision-making support software for the F-15, F-16, F-18, F-22, and F-35 aircraft, simulation models for the ACMI/TACTS air combat training ranges, and Air-Refueling Boom Arm simulators. The division also provides consulting and developmental support for engineering and research simulation solutions.

Arotech's Training and Simulation Division consists of FAAC Incorporated (www.faac.com), MILO Range Training Systems (www.milorange.com), and Realtime Technologies (www.simcreator.com).

About Arotech Corporation

Arotech Corporation is a defense and security company engaged in two business areas: interactive simulation and mobile power systems.

Arotech is incorporated in Delaware, with corporate offices in Ann Arbor, Michigan, and research, development and production subsidiaries in Michigan, South Carolina, and Israel. For more information on Arotech, please visit Arotech's website at www.arotech.com.

Investor Relations Contact:

Scott Schmidt

Scott.Schmidt@arotechusa.com

800-281-0356

Except for the historical information herein, the matters discussed in this news release include forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current knowledge, assumptions, judgment and expectations regarding future performance or events. Although management believes that the expectations reflected in such statements are reasonable, readers are cautioned not to place undue reliance on these forward-looking statements, as they are subject to various risks and uncertainties that may cause actual results to vary materially. These ri

ARTX Insider Summary for Arotech Corporation (ARTX)
$ 3.45 -0.025 (-0.72%) Volume: 55.87k 4:00 PM EDT 26-Sep-2018
After Hours: $ 3.44 -0.01 (-0.29%) Volume: 9 5:48 PM EDT 26-Sep-2018
US Filings
Form 3, Form 4, and Form 5 Insider Trades

Last 3 Mo Last 12 Mo
Number of Insider Trades 7 14
Number of Buys 7 14
Number of Sells 0 0
Net Activity 32,843 128,488

Last 15 Trades Shares Bought Shares Sold
Kenneth W. Cappell 2,000
Kenneth W. Cappell 2,000
Kenneth W. Cappell 2,000
Kenneth W. Cappell 4,000
Jon Kutler 17,554
Jon Kutler 2,446
Jon Kutler 2,843
Lawrence F. Hagenbuch 11,475
Kenneth W. Cappell 11,475
Jon Kutler 11,475
James J. Quinn 11,475
Jon Kutler 20,000
Dean Krutty 16,525
Thomas J. Paup 13,220
James J. Quinn 11,864

I thing 2019 revenue will be up 30% over 2018 due to all the fed gov spending. Should take the stock up to $12 to $15 pretty easy.

ARTX nice to see Insider Buying last week!

ARTX-https://www.nasdaq.com/symbol/artx/insider-trades

It would appear ARTX trades independent of news and performance. A veriafiable influx of $10mil and no reaction! The chart is at a local low. Valuations are 1/5 that of peers and competition. Revenues set to rise 20% over the next 18 months. Buy now, be happy later.

ARTX-Arotech's FAAC Incorporated Receives $10.2M in Funding to Extend Capabilities of the U.S. Army's Virtual Clearance Training Suite
4:05 pm ET September 10, 2018 (Globe Newswire) Print
FAAC Incorporated, a part of Arotech Corporation's Training and Simulation Division [NasdaqGM: ARTX], announced that it has received $10.2M in funding for its U.S. Army Virtual Clearance Training Suite (VCTS) follow-on program. Managed by U.S. Army Program Executive Office for Simulation, Training and Instrumentation (PEO STRI) and contracted from Army Contracting Command - Orlando, the follow-on effort envisions three phases, each providing a block upgrade of capabilities to the fielded VCTS systems. The funding, in the form of exercised options through January 2021 is for Phase 2 of the three planned phases associated with the follow-on contract originally awarded in 2017.

VCTS has been fielded to 28 training installations and operational units. VCTS provides training for critical vehicle operator and crew tasks that can be repetitively trained in a simulator and that are considered too time consuming, resource constrained, or dangerous to be conducted on actual equipment. This follow-on contract will add new training capabilities to VCTS and improve the system's realism - enhancing the clearance operations training it provides and insuring VCTS reflects the Army route clearance teams' most current mission and equipment.

"This award represents the Army's commitment to ensuring that VCTS remains in sync with the evolving route clearance mission, maximizing the systems utility to train individual skills required for the new enablers in addition to providing comprehensive collective training experience to the entire team, " said Kurt Flosky, FAAC Incorporated's President. "We are pleased to continue supporting the PEO STRI team in enabling soldiers performing route clearance missions to train as they would fight".

About Arotech's Training and Simulation Division

Arotech's Training and Simulation Division (ATSD) provides world-class simulation based solutions. ATSD develops, manufactures, and markets advanced high-tech multimedia and interactive digital solutions for engineering, use-of-force, and operator training simulations for military, law enforcement, security, municipal and private industry personnel. The division's fully interactive operator training systems feature state-of-the-art vehicle simulator technology enabling training in situation awareness, risk analysis and decision-making, emergency reaction and avoidance procedures, conscientious equipment operation, and crew coordination. The division's use-of-force training products and services allow organizations to train their personnel in safe, productive, and realistic environments. The division supplies pilot decision-making support software for the F-15, F-16, F-18, F-22, and F-35 aircraft, simulation models for the ACMI/TACTS air combat training ranges, and Air-Refueling Boom Arm simulators. The division also provides consulting and developmental support for engineering and research simulation solutions.

Arotech's Training and Simulation Division consists of FAAC Incorporated (www.faac.com), MILO Range Training Systems (www.milorange.com), and Realtime Technologies (www.simcreator.com).

About Arotech Corporation

Arotech Corporation is a defense and security company engaged in two business areas: interactive simulation and mobile power systems.

Arotech is incorporated in Delaware, with corporate offices in Ann Arbor, Michigan, and research, development and production subsidiaries in Michigan, South Carolina, and Israel. For more information on Arotech, please visit Arotech's website at www.arotech.com.

Investor Relations Contact:

Scott Schmidt

Scott.Schmidt@arotechusa.com

800-281-0356

Except for the historical information herein, the matters discussed in this news release include forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current knowledge, assumptions, judgment and expectations regarding future performance or events. Although management believes that the expectations reflected in such statements are reasonable, readers are cautioned not to place undue reliance on these forward-looking statements, as they are subject to various risks and uncertainties that may cause actual results to vary materially. These risks and uncertainties include, but are not limited to, risks relating to: product and technology development; the uncertainty of the market for Arotech's products; changing economic conditions; delay, cancellation or non-renewal, in whole or in part, of contracts or of purchase orders (including as a result of budgetary cuts resulting from automatic sequestration under the Budget Control Act of 2011); and other risk factors detailed in Arotech's most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2017 and other filings with the Securities and Exchange Commission. Arotech assumes no obligation to update the information in this release. Reference to the Company's website above does not constitute incorporation of any of the information thereon into this press release.

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ARTX Arotech Training and Simulation Division’s MILO Range Training Systems Receives $1.6M in Awards From U.S. Pacific Air Forces ANN ARBOR, Mich., Aug. 27, 2018 (GLOBE NEWSWIRE) -- MILO Range Training Systems, a unit of Arotech Corporation’s [NasdaqGM: ARTX] Training and Simulation Division, announced that it has received new awards totaling $1.6M from the U.S. Pacific Air Forces (PACAF). The orders procure MILO Range Theater 180 systems to train U.S. Air Force Security Forces at locations within the Pacific region. The awards from Defenses Logistics Agency, through ADS, Inc., are scheduled to be delivered prior to the end of 2018 and include extended product support through 2023.

MILO Range Theater 180 systems provide an immersive training environment with enhanced field of view allowing trainees to practice proper tactics to respond to numerous threats from multiple directions. U.S. Air Force Security Forces are responsible for missile security, defending air bases around the globe, law enforcement on those bases, combat arms, and handling military working dogs. All aspects of the Security Forces mission are able to be trained using the MILO Range systems. PACAF is one of nine U.S. Air Force major commands and the air component of U.S. Pacific Command. The command has approximately 46,000 military and civilian personnel serving in nine strategic locations and numerous smaller facilities, primarily in Hawaii, Alaska, Japan, Guam and the Republic of Korea.

“We are very pleased the U.S. Pacific Air Forces has selected the MILO Range Theater systems to maintain the readiness of their security forces. Once customers have a chance to see the MILO Range systems and evaluate them vs. other offerings, the choice is clear. Our training content is unmatched and our reliability and support capabilities continue to lead the industry,” said Robert McCue, MILO Range General Manager. “It is a tremendous honor knowing that the PACAF Security Forces will be using our system’s extensive set of features to train their personnel, increase tactical proficiency, rejuvenate the defender, and help fulfill their mission to protect those who protect our nation.”

About Arotech’s Training and Simulation Division
Arotech’s Training and Simulation Division (ATSD) provides world-class simulation based solutions. ATSD develops, manufactures, and markets advanced high-tech multimedia and interactive digital solutions for engineering, use-of-force, and operator training simulations for military, law enforcement, security, municipal and private industry personnel. The division’s fully interactive operator training systems feature state-of-the-art vehicle simulator technology enabling training in situation awareness, risk analysis and decision-making, emergency reaction and avoidance procedures, conscientious equipment operation, and crew coordination. The division’s use-of-force training products and services allow organizations to train their personnel in safe, productive, and realistic environments. The division supplies pilot decision-making support software for the F-15, F-16, F-18, F-22, and F-35 aircraft, simulation models for the ACMI/TACTS air combat training ranges, and Air-Refueling Boom Arm simulators. The division also provides consulting and developmental support for engineering and research simulation solutions.

Arotech’s Training and Simulation Division consists of FAAC Incorporated (www.faac.com), MILO Range Training Systems (www.milorange.com), and Realtime Technologies (www.simcreator.com).

About Arotech Corporation
Arotech Corporation is a defense and security company engaged in two business areas: interactive simulation and mobile power systems.

Arotech is incorporated in Delaware, with corporate offices in Ann Arbor, Michigan, and research, development and production subsidiaries in Michigan, South Carolina, and Israel. For more information on Arotech, please visit Arotech’s website at www.arotech.com.

Investor Relations Contact:
Scott Schmidt
Scott.Schmidt@arotechusa.com
800-281-0356

Five Firms Awarded Spots on $945M Navy IDIQ for Cyber Mission Systems
Nichols Martin August 24, 2018 Contract Awards, News 648 Views

Five firms have landed spots on a potential seven-year, $949.9M U.S. Navy multiple award contract to provide cyber mission systems, kits and supplies that would support the warfighter’s needs for wireless communications, detection, collection and equipment exploitation.

Cambridge International Systems, Grove Resource Solutions, PeopleTec, Systems Technology Forum and UEC Electronics(ARTX) will compete for task and delivery orders across a five-year base period and a two-year option subject to exercise, the Defense Department said Thursday.

The companies may also work to sustain, maintain and dispose items as required.

Work will take place at locations around the globe through August 2023, and continue up to August 2025 if the option is exercised.

The service branch will initially obligate $25K for each awardee at the time of award under the indefinite-delivery/indefinite-quantity contract.

The Space and Naval Warfare Systems Center Atlantic solicited for the awards competitively via the FedBizOpps website and received a total of 13 proposals.

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https://www.govconwire.com/2018/08/five-firms-awarded-spots-on-945m-navy-idiq-for-cyber-mission-systems/

Fishhunter have a link?Probably would will run when they put out a PR Tks

Man am a little stupid on this one. I just read the UEC Electronics IDIQ "win" PR. Wow!!!! 950mil likely spread between 5 companies (one of which is UEC) over only 5 years. This is a BIG DEAL! It is certainly material to Arotech and they should issue a PR. The stock should be at about twice the current price.

This concludes our prepared remarks. Before we open the call up for Q&A, I’d like to remind all participants that Dean and I are regularly available to the investment community and throughout the year we look to participate in relevant conferences and investor events.

Operator, you may now open the call up for questions.

Question-and-Answer Session

Operator

[Operator Instructions] Our first question comes from the line of Mike Crawford with B. Riley FBR. Please proceed with your question.

Mike Crawford

First, regarding the new combat convoy simulator win, who is the competition there? What did you think your probability was of wining? And are there any other such projects that perhaps you’re bidding on but aren’t factored in any guidance?

Dean Krutty

On the Marine Corps’ Combat Convoy Simulator Program, we believe we had two other competitors based on our internal intelligence that’s never been released to us formally or into industry who the competitors were. We had it as a basically a one-third probability in our pipeline based on the fact that there were two other good competitors and we certainly endeavored to bid on contract like CCS.

We don’t advertise to industry what we are bidding on for competitive reasons, nor do any ever you have competitors, but certainly we do have other similar proposals out there and hope to win them. The only future program that I’ve been willing to talk about probably is program like CDT where the whole industry already knows we are competing and so it doesn’t hurt us to put the information out.

Mike Crawford

We did see that contract award when it was announced and I mean I did say that there was three offers received, I just want to know if you knew who they were. And just before moving on when will CCS revenue and earnings start to have flow the income statement?

Dean Krutty

Mike, the competitors on CCS we believe we do know who they are. I don’t know that it’s my place to put that out there for them. As far as the revenue goes, we expect $2 million to $3 million of that revenue to start showing up in the second half of this year. If you look at our internal planning somewhere on $10 million of the 17.7 has been funded should show up in 2019 and then the reminder of the initial funding in 2020.

The contract had options on it. Some of the options absolutely need to be exercised because they involve part of our integration tasks and delivery tasks. Others are the options the marines have seven facilities for CCS. The Navy has two. The two Navy facilities are part of the option dollars. So that I’d say is truly an option for the contract, but those funds within the end of 2020 and into the next few years after that.

Mike Crawford

Just one and two more, if you don’t mine. Just real quickly on the AAV. Is that the [indiscernible] cook it -- is it something that has been solved? Do you have a sense of when you can start moving and fold swing on that program?

Dean Krutty

Yes. So, what happened at the end of the first quarter as we basically put a pause because the washout rate we’re getting from our manufacturing floor was too high, and we didn’t want to go with that kind of poor throughput for the remainder of the program, so we did a pause, did some redesign work at the beginning of Q2. We then had to step up a lot of overtime to catch up to the delivery temper that SAIC was keeping.

We believe we solve that in the quarter and incurred the cost for in the quarter. So going forward, we think we we’d be back on the regular hours. We did do some overtime in July, but as of today we are back to working in normal schedule. And we’ll be keeping temper with the marines and SAIC. So, they’re the really the gatekeepers for the throughput. We are currently working the lower initial production as you expected, Mike, and expect to be able to keep with SAIC and their delivery rate.

Operator

Thank you. Our next question comes from the line of Alex Gates with Clayton Partners. Please proceed with your question.

Alex Gates

Thank you. Good morning Dean. Sorry, I hop on the call a little late, so I might have missed some of your earlier comments. But, I was wondering did you provide any commentary on where MEPS currently stands? And when that could start contributing?

Dean Krutty

Hi. Thank you, Alex. Good morning. I did not provide any commentary previously on MEPS, but as you know MEPS is a very important program for the Company. Testing is in progress, the MEPS light systems are about to be complete with their testing, with their Marine Corps. As you know we’re under contract to support the Marine Corps testing during this period. They’re just about to begin testing on the MEPS medium systems. We have not gotten the results from the testing as far as the system efficiency, which are some of the longer term. They need to run system for month on end to generate those results.

But systems are working and the Marine Corps seems to be happy so we’re staying close to that. We still expect towards year end or maybe at the very beginning of next year that the marines will put out a request to industry asking for some guidance about what they should be buying and we certainly have some recommendations having gone through the entire development that we did. And then, we expect them to follow on with our fee for production beginning in the next year.

Alex Gates

And then on CDT, has RFP fully come out for that yet?

Dean Krutty

As you know when we talked last year, the draft was out. Industry submitted question. The questions and the answers are actually both dropped yesterday. So we’re just downloading those last night and getting the feel for what other people ask. We still expect the ERP to come out this quarter. The government and the army is advertising they’re getting get it done this fiscal year. So, it gives them basically August and September. And if so advertising is the spring time award, I wouldn’t be surprised if that slid into summer.

Alex Gates

And then I noticed at your -- at the B. Riley Conference, you guys put out the new presentation obviously, you highlighted a lot of new revenue levels from these new program which is helpful. Is that something that you’re going to update going forward? Or is that just the kind of, hey, here is the snapshot of where we think we could be year and half two years from now?

Dean Krutty

Well, I think I mean the presentation that I put out showed the potential of the Company and the priorities that we are working on the things that are going to drive us and drive our growth kind of the strategy that we have laid out. And I don’t have any reason to update it, but certainly you are welcome to call and take the pulse any time you want Alex. I’m open to tell you where we stand at any given time.

Operator

[Operator Instructions] It appears there are no further questions at this time. I’d like to turn it back to management for closing comments.

Dean Krutty

Thank you, operator. That concludes our call for today.

Operator

Thank you. Ladies and gentlemen, this concludes today's teleconference. You may disconnect your lines at this time. Thank you for your participation.

Arotech Corporation (ARTX) CEO Dean Krutty on Q2 2018 Results - Earnings Call Transcript
Aug. 8, 2018 12:51 PM ET | About: Arotech Corporation (ARTX)
Q2: 08-02-18 Earnings Summary
Press Release 10-Q News
EPS of $0.03 Revenue of $21.87M (+ 2.0% Y/Y) misses by $-1.88M
Arotech Corporation (NASDAQ:ARTX) Q2 2018 Results Conference Call August 8, 2018 9:00 AM ET

Executives

Dean Krutty - CEO

Kelli Kellar - CFO

Yaakov Har-Oz - General Counsel

Analysts

Mike Crawford - B. Riley FBR

Alex Gates - Clayton Partners

Operator

Greetings, ladies and gentlemen, and welcome to the Arotech Second Quarter 2018 Earnings Conference Call. At this time, all participants are in listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]

It is now my pleasure to introduce your host, Mr. Yaakov Har-Oz, General Counsel for Arotech. Thank you sir, you may begin.

Yaakov Har-Oz

Thank you, Jen. I would like to welcome everyone to Arotech’s second quarter 2018 earnings call. Hosting the call today are Dean Krutty, our Chief Executive Officer, and Kelli Kellar, our Chief Financial Officer.

Before I turn the call over to Dean and Kelli, I’d like to remind everyone that this conference all may contain projections or other forward-looking statements regarding future events or the future performance of the Company. These statements are only predictions and there can be no assurance that they will in fact occur. Arotech does not assume any obligation to update that information. Actual events or results may differ materially from those projected, including as a result of changing market trends, reduced demand, and the competitive nature of Arotech’s industry, as well as other risks identified in the documents filed by the Company with the Securities and Exchange Commission.

In addition, certain non-GAAP financial measures will be discussed during this call. These non-GAAP measures are used by management to make strategic decisions, forecast future results and evaluate the Company’s current performance. Management believes the presentation of these non-GAAP financial measures is useful to investors’ understanding and assessment of the Company’s ongoing core operations and prospects for the future. Unless it is otherwise stated, it should be assumed that any financials discussed in this conference call will be provided on a non-GAAP basis. Full reconciliations of non-GAAP to GAAP financial measures are included in the earnings release.

With that, I’d like to now introduce Arotech’s CEO, Dean Krutty. Dean, the call is yours.

Dean Krutty

Thank you, Yaakov. Good morning everyone and thank you for joining us. For the second quarter of 2018 Arotech reported $21.9 million in revenue and $1.5 million in adjusted EBITDA. These results are stronger than the same period a year ago, but down from our first quarter.

Our Training and Simulation Division achieved $14.4 million in second quarter revenue while our Power Systems Division delivered $7.5 million of revenue in the quarter. Our second quarter and first half 2018 results show continued strength from our simulation division, but out Power Systems Division performance continue to present some challenges.

Our Training and Simulation Division was pleased to announce an award of the U.S. Marine Corps’ Combat Convoy Simulator monetization program this quarter. The contract is valued at up to $28.9 million with initial funding of $17.7 million. The Combat Convoy Simulators providing immersive training environment for convoy operations and allow trainees to practice command-and-control and crew reactions in a wide range of scenarios.

Our solution will leverage our capabilities in both vehicle simulation and weapons training to give the marines a modern and modular product that is easier to maintain and upgrade in the future. This program along with our ongoing military vehicle simulation programs for the U.S. Army and Army National Guard provide a solid footing for this segment of our Training and Simulation Division moving forward.

We also reported in the quarter that our simulation division appraised at level 3 of the capability maturity model integration framework developed by Carnegie Melon University. Level 3 process maturity is required by many U.S. Department of Defense contracts, especially for those involved software development. We believe this achievement will further cement our industry leadership position and military vehicle driver training and it is a testament our matured development processes.

Within our commercial vehicle simulation group, the second quarter saw the successful delivery of 13 driving simulators to Mexico under our International Narcotics and Law IDIQ contract. This group also continues to show strength in transit both simulator sales and deliveries and gross margins are improving when compared to a strong 2017 performance.

Also within our Training and Simulation Division, our Air Weapon Systems Group is performing ahead of year-to-date forecast, strength from our typical customer base serving the U.S. Air Force U.S. Navy fighter aircraft platforms allowing us to continue to grow our staff dedicated to this business area. We recently announced an international award from Taiwan to continue to advance their air combat training environment with weapon modeling capabilities, onsite training and software sustainment activities. The contract is valued at $1.9 million with a period of performance of three years and continues to nearly two decade long customer relationship.

Our Power Systems Division encountered difficulty in the quarter with delivery of its distributed power control and monitoring system kits under a contract to SAIC. These kits are part of the survivability in electronics upgrades being performed on the U.S. Marine Corps’ Assault Amphibious Vehicles. Our prototype design was not adequate for manufacturing and we worked significant overtime trying to meet the stringent testing requirement for the initial production vehicles. As a result, our revenue and margins are below our expectations for this segment.

Our Power Systems Group in Israel is showing improving backlog as we continue to generate interest in new commercial endeavors as well as foreign military sales. In the second quarter, we released a new lithium ion universal power supply product that we develop for customer in Israel and expect to be taking orders for it in the second half of the year. The new product is designed for use with outdoor camera or telecom systems at sites with unstable power or frequent power outages. We also showcased our lithium ion 16 military battery at the Eurosatory Show in Paris and continued to generate additional interest as we prepare our first [indiscernible] battery to be use of customer samples.

Our Power Systems Group in the U.S. recently completed deliveries of the David's Sling Weapon System Missile Firing Unit. It has been manufacturing under contract of Raytheon for use in Israel. The system was put to use for the first time on July 23rd to successfully defend Israel against inbound missiles from Syria, and we are proud to have contributed to this important defense program.

Our U.S. Power Group also picked up two supplier quality awards during the quarter, one from Boeing and another from Raytheon Integrated Defense Systems. Raytheon presented us with our first 5-star supplier excellent and mission assurance medal. Based on our visibility at midyear, our guidance for 2018 is narrowing to reflect expected revenues of $100 million to $105 million and adjusted earnings of $77.3 million.

With that, I’d like now to turn the call over to Kelli. Kelli, please go ahead.

Kelli Kellar

Thank you, Dean. Good morning everyone and thank you for joining our call today. I’m now going to discuss the second quarter results for the Company.
https://seekingalpha.com/article/4196419-arotech-corporation-artx-ceo-dean-krutty-q2-2018-results-earnings-call-transcript?page=3

ARTX They are in Good Company-http://www.uec-electronics.com/uec-electronics-receives-5-star-supplier-excellence-award-from-raytheon-ids/

http://www.uec-electronics.com/uec-electronics-receives-excellence-in-advocacy-award/

ARTX on dow jones yesterday afternoon, emailed company hoping for response
http://www.uec-electronics.com/ August 23, 2018
5:32 pm ET
Arotech's UEC Electronics Gets $949.9M Navy Contract for Cyber Mission Systems, Kitting And Supplies
Dow Jones -----P.S. yes to Da Moon

I assume you mean a contract for $949,900 and not $949,900,000.

Can you imagine what an almost $1billion contract would do to the company and stock!

ARTX needs to put out Pressrelease https://www.arotech.com/
http://www.uec-electronics.com/

Arotech's UEC Electronics Gets $949.9M Navy Contract for Cyber Mission Systems, Kitting And Supplies(Dow Jones) August 23, 2018
5:32 pm ET

Bought a few at 3.37 today.

This may becoming back into play....watching very closely

Thinking TADSS 3.5

If it ever gets down there again then yes. I'm averaged about 3.40 and using the orange line on weekly close as my stop. Didn't buy any a few weeks ago when it was in the 2's..not that fond of the chart right now but riding it out ...could go either way tonight on earnings. Target is the top green line.

Buy the GREEN TREND LINE AGAIN

Do like share structure here. Long term consolidation that has monster written all over it.

Does Arotech have NanoCrystal Electricity tech?
Thanks if anyone knows

Day's Range 3.05 - 3.355
52 Week Range 2.250 - 5.000


Nice!

FAAC Incorporated, a part of Arotech Corporation’s (Nasdaq:ARTX) Training and Simulation Division, announced that it has received a sole source contract for its Army National Guard Operator Driving Simulators. The General Services Administration contract from the National Guard Bureau is valued at $10.5M, with a period of performance of two years.

It Does! and being in the Lithium storage cell battery business, because of Lithium, and Trump increasing Defense spending Arotech is a no brainer!

Seems like a great company.

ARTX https://www.baseball-news-blog.com/q2-2017-earnings-estimate-for-arotech-co-artx-issued-by-b-riley/

jumped into this a little late as well, but excited to see future contracts and deals with public/private/government companies

I got on the train a little late. I bought in at $4.05 but they have another quarterly report like the last one this company could go to $10.

ARTX price target 4.00 to 5.00

Looks like we are in for a nice ride on this one

IDIQ Award??? I see that Arotech has announced that it was awarded a sale under the $40 million IDIQ contract. I believe this is misleading as the majority of the awards under the same contract have been made to VirTra Systems, Inc. (OTC Pink: VTSI).

Chirp Chirp