VirTra Inc (VTSI)

[ByloCellhi]

Greg/Bull

As usual you are missing the point. The PR does not provide the revenue breakout to FATS but from the PR from Lockeed Martin (one of the Top 5 defense contractors in the US IMO).

The partnership is providing recurring revenue for FATS (note the reference to an award in 2004) and when Lockheed Martin responds to RFP'S and they cannot provide all the services they integrate and partner with FATS and others. It is always good to be linked in the PR with LM NYSE - it brings instant credibility

Do you think this it is a better approach to partner with a $32B company than try to bid alone as a $1M startup? Who do you think has a better chance of winning the RFP?


ORLANDO, Fla., Jan. 19 /PRNewswire-FirstCall/ -- Marine Corps Reservists deploying to Iraq will train to recognize and respond to ambushes and roadside improvised explosive devices using the Lockheed Martin (NYSE: LMT - News) Virtual Combat Convoy Trainer. Lockheed Martin will deliver a suite of four trainers to Camp Lejeune, NC in April.
"Training as you fight helps save lives," said Col. Walt Augustin, program manager for training systems, Marine Corps Systems Command. "Short of live fire training, the VCCT is the most realistic system we have to indoctrinate Marines in the hazards of convoy operations. This training will further enhance our Marines' ability to safely and effectively accomplish their mission in Iraq."

Lockheed Martin received a $9.6 million contract from the U.S. Army in June 2004 for eight convoy trainers. To date, more than 4,000 soldiers have been trained. The Marines' VCCTs, produced under a $5.1 million contract, will be modified to match the High Mobility Multipurpose Wheeled Vehicle (Humvee) being driven by Marines.

"We're giving troops exposure to life-or-death decisions in a simulation environment," said Chuck Woodman, VCCT program manager. "VCCT lets troops identify, engage, and destroy the enemy 'on-the-move' in an ambush scenario, while reinforcing the skills they need for successful convoy operations."

Each of the VCCTs being used by the Marines will occupy a 53-foot, self- contained, deployable commercial trailer. Using a full-scale Humvee and simulation system that replicate scenarios troops might encounter, it will enable combat crews to communicate, maintain situational awareness and acquire targets while moving at highway speeds operating in a convoy environment.

Lockheed Martin WILL AGAIN TEAM with Firearms Training Systems (FATS), Inc. of Suwanee, GA, to provide firearms that make the VCCT a comprehensive training device incorporating realistic weapons engagement training and networked vehicle simulators to reinforce crew awareness and communications.

Lockheed Martin developed the VCCT by integrating its Close Combat Tactical Trainer (CCTT) with the FATS small arms, precision weapons training system to bring realistic convoy training to the troops. Vehicle simulation for the VCCT is derived from software developed for both CCTT and the United Kingdom's Combined Arms Tactical Trainer (UK CATT).