Key Facts

Company Graph

Net Income
at Dec. 31

$1,870M

Adjusted EPS
at Dec. 31

$0.19

R & D
Investments
at Dec. 31

$4.5M

Total
Employees
at Dec. 31

472

Backlog
at Dec. 31

$64.8M2018

$61.1M2017

Cash & Cash Equivalents
at Dec. 31

$4.4M2018

$5.5M2017

Working Capital
at Dec. 31

$26.8M2018

$25.5M2017

Current Ratio
at Dec. 31

2.02018

2.02017

A Note from our CEO

Thank you for your support of Arotech. 2018 was a challenging year for the company that brought modest earnings improvement over the previous year. We generated meaningful growth in our Training and Simulation Division, while our Power Systems Division encountered revenue challenges both expected and unexpected during the year. In the midst of these challenges, we were diligent in constraining our costs while still advancing the strategic priorities which we believe will support future growth.

We are excited for the coming year, which will bring opportunities that could significantly augment our businesses. Our strategic investments the last two years in hybrid power solutions at our U.S. power subsidiary have put us in a strong position to capture production contracts for the next evolution of expeditionary power solutions for the U.S. Marines. In addition, our decades long leadership position in wheeled vehicle operator trainers will similarly give us a good opportunity to capture upcoming simulation based training contracts with the U.S. Army.

Our team is encouraged by the progress that we’ve made introducing new battery products in the commercial and medical marketplaces. We believe these products will continue to form an increasingly important economic base for our Power Systems Division as we look to expand beyond our historical market concentrations with new products that are sold internationally. It is likewise rewarding to witness the new sales heights being reached in our air warfare weapon simulation product area and our use of force training simulators, MILO Range.

I look forward to working with the capable employees of our Training and Simulation and Power Systems Divisions in 2019 as we continue to innovate and create new products designed to differentiate us from our competitors and deliver the returns that our investors expect.

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.