Arotech Reports Up To $8.1 Mln In Air Warfare Simulation Contracts And Awards

(RTTNews) - Defense and security products and services company Arotech Corp.'s (ARTX) Training and Simulation Division or ATSD reported up to $8.1 million in new contracts and awards for its Air Warfare Simulation Group.

These orders include a $4 million five-year sole source award for FAAC's air-to-air training range software, as well as significant awards to enhance its Zone Acquisition Process software, which is embedded in every U.S. Air Force fighter aircraft to assist the pilot in weapon employment.

Funding associated with these new orders amounts to $3.4 million, with the remainder to be incrementally funded over the next five years.

Revenues expected from these contracts and awards support the company's current outlook for full-year 2015 and strengthen its backlog.