Key Facts

Company Graph

Net Income
at Dec. 31

$-2.9M

Adjusted EPS
at Dec. 31

$0.08

R & D
Investments
at Dec. 31

$4.0M

Total
Employees
at Dec. 31

523

Backlog
at Dec. 31

$63.0M2015

$69.9M2014

Cash & Cash Equivalents
at Dec. 31

$10.6M2015

$11.3M2014

Working Capital
at Dec. 31

$24.1M2015

$27.9M2014

Current Ratio
at Dec. 31

1.92015

2.02014

A Note from our CEO

"Exiting 2015 we are beginning to realize the benefits of the actions we took during the first half of the year to establish a leaner cost structure, more stringent production processes, and product enhancements to improve profitability. New contract orders of $29.3 million during the fourth quarter added meaningfully to our backlog of business. Domestic and international demand for our training and simulation products remains robust with new orders and contract modifications from both existing customers and new relationships. Recent contract awards are the result of our longer-term vision to offer cost-effective and innovation solutions to our customers and support the basis for future financial performance."

"A key part of our efforts to reposition the company for profitable growth is improving our corporate governance. As part of this, we have established the post of Lead Independent Director, creating a liaison between the independent directors and management, and we are pleased to welcome Jon B. Kutler, a recognized investor, investment banker and expert in the aerospace and defense industries who joined our Board this past month, to this role. We are also adding two additional highly-experienced leaders to our board: Carol J. Battershell, the Deputy Director for Energy Systems in the Office of Energy Policy and Systems Analysis, who joined our board this past month, and Rear Admiral (Ret.) James J. (JJ) Quinn, a distinguished leader who spent 30 years in the United States Navy, including tours of duty as Director of Operations, Plans, Policy and Training with the Atlantic Fleet, who will be a nominee for director at our next annual meeting. Each of these directors has a tremendous range of executive experience, particularly in our core business areas of defense and military operations. We are fortunate to have these esteemed business and industry experts join our team. Their experience and guidance will be invaluable as we execute our vision for Arotech.

Recognition

  • Our weapon simulation technology is built into all US fighter planes.

    • Our weapon simulation technology established and remains the standard for real-time weapons assessment. This capability used on air combat training ranges world-wide has expanded from strictly training to the tactical world through our Zone Acquisition Program (ZAP). ZAP has been integrated into the Operational Flight Program of every US fighter plane to provide pilots a highly accurate understanding of the weapon’s capabilities. ZAP was a revolutionary leap in capability to the US warfighter, replacing low-fidelity coefficient driven algorithms, with accurate high-speed simulations.
  • Recipient of EMS Top Product awards

    • MILO Response received 2014 EMS World New Product Innovation and EMS Today HOT Product awards
  • Contribution to Road Safety – Recognition by APTA

    • MILO Response received 2014 EMS World New Product Innovation and EMS Today HOT Product awards
  • We service 80% of the world aviation market with our WABs

    • Our water activated survivor locator lights are found on all sorts of seafaring craft located around the globe.
  • Recipient of numerous KEY SUPPLIER awards.

    • Our UEC Electronics subsidiary received a prestigious 4-Star Supplier award from Raytheon’s Space and Airborne Systems. This honor is given to only a handful of suppliers who demonstrated exceptional quality and delivery performance on key programs.
    • Lockheed Martin recognized UEC Electronics 2014 performance as outstanding.  UEC Electronics achieved 100% on-time delivery and 100% quality throughout 2014.
  • APSD products twice chosen as one of the U.S. Army's "Ten Greatest Inventions."

    • Since 2003, the Army Materiel Command has conducted the Army's Greatest Inventions program to encourage and reward those fighting wars from research labs by developing the best technology solutions for the soldier. The top picks are chosen by soldiers from active-Army divisions and the U.S. Army Training and Doctrine Command according to three criteria: impact on Army capabilities, potential benefits outside the Army and inventiveness. Our SWIPES™ product was designated in 2010 and our BA-8180/U Zinc-Air Battery in 2003 as one of the best technology solutions for the soldier.
  • APSD power solutions are in use everywhere from undersea to outer space.

    • Epsilor-Electric Fuel has batteries in use in zero tolerance, harsh and extreme environments where product failure is not an option: underwater, at sea, on land, in the air and in space.
    • UEC has designed a vehicle electrical system which can extend the life of aging vehicles:  taking advantage of the newer automotive protocols and delivering dual-redundant, expandable power. 
    • UEC has a 1300Watt /hour battery tested and approved for air shipment worldwide. (UN/DOT Class 9) 
  • Our Power Sources Division has made a difference in the global quest for GREEN energy

    • Epsilor-Electric Fuel has successfully converted the Israel Defense Forces from use of primary batteries to rechargeable batteries.
    • Epsilor-Electric Fuel (Israel) is nationally recognized for its expertise in the development of metal-air batteries, and is a member of an Israeli consortium developing cutting-edge technologies to power electric vehicles.
    • UEC designed and built the only renewable energy power generation program of record for the US Department of Defense (GREENS) which has replaced generators with clean silent power.
  • Economic Growth Recognition

    • ATSD is a 2014 Ann Arbor SPARK FastTrak award recipient for average annual growth of 20% for preceding three years.