Ceres
I have mentioned their broader product line and their relationship with Lockheed Martin - it continues to pay dividends...and their stock price is up 13%
FATS, Inc. Receives Second U.S. Marine Corps Virtual Combat Convoy Training Systems Contract from Lockheed Martin
ATLANTA, Aug 05, 2005 (BUSINESS WIRE) -- FATS, Inc., a leader of high quality
simulation systems and training solutions for military organizations around the
world, announced today that it has received a contract from Lockheed Martin to
provide virtual training solutions in the Virtual Combat Convoy Training (VCCT)
systems for the U.S. Marine Corps.
The contract will provide two VCCT systems to be delivered to the U.S. Marine
Corps in September 2005. FATS portion of the contract is valued at $800,000,
bringing FATS total value of the VCCT program to approximately $7 million.
FATS and Lockheed Martin joined forces in 2004 to create one of the first suites
of VCCT for the U.S. Army. Together, FATS small arms trainers, indirect fire
trainers, close air support simulation and Lockheed Martin's Close Combat
Tactical Trainer create the simulated convoy training system.
"Roadside attacks on U.S. military convoys overseas continue," said Ron Mohling,
FATS, Inc. chief executive officer. "VCCT provides a virtual battlefield in this
type of environment and allows valuable after action reviews. The deployment of
VCCT will allow soldiers to train more effectively, better preparing them for
the dangerous convoy operations they will encounter in combat."
FATS virtual training systems utilize realistic computer imaging to imitate
terrain and targets. A combined arms environment will be created with simulated
field artillery, mortars, the ability to call naval gunfire and close air
support. FATS virtual training systems provide accurate, real-time diagnostics
and include the ability to review missions after each training session.
Headquartered in Bethesda, Md., Lockheed Martin (NYSE: LMT) employs about
130,000 people worldwide and is principally engaged in the research, design,
development, manufacture and integration of advanced technology systems,
products and services. The company Web site is www.lockheedmartin.com.
FATS, Inc., a subsidiary of Firearms Training Systems, Inc. (OTC:FATS), designs
and sells virtual training systems that improve the skills of the world's
military, law enforcement and security forces. FATS training provides
judgmental, tactical and combined arms experiences, utilizing quality engineered
weapon simulators. The company serves U.S. and international customers from
headquarters in Suwanee, Georgia, with branch offices in Australia, Canada,
Netherlands and United Kingdom. FATS, an ISO 9001:2000 certified company,
celebrated its 20th anniversary in 2004. The company Web site is
www.fatsinc.com.
These are my personal comments, observations, opinions and should not be relied upon for any investment decisions, and as always read the SEC filings for the facts of the company
