Greenbriar Equity Group Completes Acquisition of Arotech Corporation
Published on December 19, 2019
ANN ARBOR, Mich., Dec. 19, 2019 (GLOBE NEWSWIRE) — Arotech Corporation (NasdaqGM: ARTX) (“Arotech”) today announced the completion of its acquisition by an affiliate of Greenbriar Equity Group, L.P. (“Greenbriar”). The transaction, announced on September 22, 2019, was completed on December 19, 2019 following a majority shareholder vote for consideration of approximately $80 million. Dean Krutty, CEO … Continued
Arotech Training and Simulation Division Receives $2.9M In Awards From U.S. Department of State
Published on March 28, 2019
ANN ARBOR, Mich., March 20, 2019 (GLOBE NEWSWIRE) – Arotech Corporation’s [NasdaqGM: ARTX] Training and Simulation Division (ATSD) announced that it has received $2.9M in orders from its U.S. Department of State Indefinite Delivery, Indefinite Quantity contract vehicle. Orders year-to-date include twelve FAAC police driving simulators slated for delivery to Mexico and four MILO Theater … Continued
Faac Incorporated Receives Army Simulator Maintenance Subcontract Valued At Up To $14m
Published on January 7, 2019
Ann Arbor, Michigan – January 7, 2019 – FAAC Incorporated, a unit of Arotech Corporation’s [NasdaqGM: ARTX] Training and Simulation Division, announced that it has received a subcontract to support the Army Training Aids, Devices, Simulators and Simulations (TADSS) Maintenance Program (ATMP). The subcontract to ATMP prime contractor, Lockheed Martin Corporation Rotary and Mission Systems, … Continued
MILO RANGE TRAINING SYSTEMS RECEIVES $2.5M IN U.S. AIR FORCE CONTRACT AWARDS
Published on October 23, 2018
Ann Arbor, Michigan – October 23, 2018 – MILO Range Training Systems, a unit of Arotech Corporation’s [NasdaqGM: ARTX] Training and Simulation Division, announced that it has received new awards totaling $2.5M from the U.S. Air Force (USAF). The orders include MILO Range Theater 300, MILO Theater 180, and MILO Range Advanced systems. The training … Continued
AROTECH’S FAAC INCORPORATED RECEIVES $10.2M IN FUNDING TO EXTEND CAPABILITIES OF THE U.S. ARMY’S VIRTUAL CLEARANCE TRAINING SUITE
Published on September 10, 2018
Ann Arbor, Michigan – September 10, 2018– FAAC Incorporated, a part of Arotech Corporation’s Training and Simulation Division [NasdaqGM: ARTX], announced that it has received $10.2M in funding for its U.S. Army Virtual Clearance Training Suite (VCTS) follow-on program. Managed by U.S. Army Program Executive Office for Simulation, Training and Instrumentation (PEO STRI) and contracted … Continued
MILO Range Training Systems Receives $1.6M in Awards From U.S. Pacific Air Forces
Published on August 28, 2018
ANN ARBOR, Mich., Aug. 27, 2018 (GLOBE NEWSWIRE) — MILO Range Training Systems, a unit of Arotech Corporation’s [NasdaqGM: ARTX] Training and Simulation Division, announced that it has received new awards totaling $1.6M from the U.S. Pacific Air Forces (PACAF). The orders procure MILO Range Theater 180 systems to train U.S. Air Force Security Forces … Continued
AROTECH’S FAAC INCORPORATED RECEIVES AWARD VALUED AT $1.9M TO CONTINUE SUPPORT OF TAIWAN TRAINING RANGE
Published on July 31, 2018
Ann Arbor, Michigan – July 27, 2018 – FAAC Incorporated, a subsidiary of Arotech Corporation’s [NasdaqGM: ARTX] Training and Simulation Division, announced that it has received an award to continue software support and improvement efforts for the Taiwan Training Range. The contract is valued at $1.9M with a period of performance of three years. FAAC … Continued