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
