Eviation Aircraft Ltd. (fka EVTNF)

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Defense training and simulation co BVR wins three follow-on contracts
The three deals follow an earlier $10 million contract which the company announced last week.
Shiri Habib 4 Sep 07 15:52
Flight simulation and debriefing systems company BVR Systems (1998) Ltd. (Bulletin Board:BVRSF.OB) has won three follow-on contracts from unnamed customers in Asia and South America, worth a total of $1.65 million.
BVR CEO Ilan Gilles said, "These support contracts are an important element in our value proposition. BVR's support services will allow our customers to enjoy the full benefits of their simulator & training systems and maximize their availability and use."

BVR has a market cap of $20 million. The company published its financial report for the second quarter last week, posting a net loss of $1.1 million on $2.9 million revenue. The company also announced last week a contract worth $10 million to provide an air defense simulator to an unnamed customer.

Published by Globes [online], Israel business news - www.globes.co.il - on September 4, 2007