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 systems will be used to train USAF security forces at locations within the USAF Global Strike Command (AFGSC), USAF security forces and law enforcement at Lackland Air Force Base, as well as a number of other individual security units around the globe. The training equipment is scheduled to be delivered in early 2019 and include extended product support through 2024. These awards, combined with the PACAF order previously announced, total over $4M in recent USAF awards.
The U.S. Air Force Global Strike Command is responsible for the nation’s three intercontinental ballistic missile wings, the Air Force’s entire bomber force, to include B-52, B-1 and B-2 wings, the Long Range Strike Bomber program, Air Force Nuclear Command, Control and Communications (NC3) systems, and operational and maintenance support to organizations within the nuclear enterprise. The Command’s mission is to provide strategic deterrence, global strike and combat support. The command has approximately 33,700 military and civilian personnel assigned to two numbered air forces, nine wings, two geographically-separated squadrons and one detachment in the continental United States and deployed to locations around the globe. Outside AFGSC, additional MILO Range Systems were ordered for Training Squadrons at Lackland AFB and to support training USAF security personnel at Edwards AFB, Dover AFB, Hurlburt Field, and RAF Mildenhall & Croughton bases in the United Kingdom.
“We are honored that the U.S. Air Force has again chosen MILO Range systems as the primary training solution for their security forces. This marks our second significant order from the USAF in as many months,” said Robert McCue, MILO Range General Manager. “These newly received orders have significantly expanded our footprint within the USAF. The systems and their on-board training content were scientifically designed to increase tactical proficiency, reconstitute the defender, and greatly assist readiness in the mission to protect the personnel and equipment of the USAF. Our Theater systems are the benchmark in the industry for fully immersive and interactive scenarios,” continued McCue.
“We would also like to recognize the efforts of our strategic partners at ADS, Inc. for their role in securing the orders from Air Force Global Strike Command,” added McCue.
About Arotech’s Training and Simulation Division
Arotech’s Training and Simulation Division (ATSD) provides world-class simulation based solutions. ATSD develops, manufactures, and markets advanced high-tech multimedia and interactive digital solutions for engineering, use-of-force, and operator training simulations for military, law enforcement, security, municipal and private industry personnel. The division’s fully interactive operator training systems feature state-of-the-art vehicle simulator technology enabling training in situation awareness, risk analysis and decision-making, emergency reaction and avoidance procedures, conscientious equipment operation, and crew coordination. The division’s use-of-force training products and services allow organizations to train their personnel in safe, productive, and realistic environments. The division supplies pilot decision-making support software for the F-15, F-16, F-18, F-22, and F-35 aircraft, simulation models for the ACMI/TACTS air combat training ranges, and Air-Refueling Boom Arm simulators. The division also provides consulting and developmental support for engineering and research simulation solutions.
About Arotech Corporation
Arotech Corporation is a defense and security company engaged in two business areas: interactive simulation and mobile power systems.
Arotech is incorporated in Delaware, with corporate offices in Ann Arbor, Michigan, and research, development and production subsidiaries in Michigan, South Carolina, and Israel. For more information on Arotech, please visit Arotech’s website at www.arotech.com.
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Except for the historical information herein, the matters discussed in this news release include forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management’s current knowledge, assumptions, judgment and expectations regarding future performance or events. Although management believes that the expectations reflected in such statements are reasonable, readers are cautioned not to place undue reliance on these forward-looking statements, as they are subject to various risks and uncertainties that may cause actual results to vary materially. These risks and uncertainties include, but are not limited to, risks relating to: product and technology development; the uncertainty of the market for Arotech’s products; changing economic conditions; delay, cancellation or non-renewal, in whole or in part, of contracts or of purchase orders (including as a result of budgetary cuts resulting from automatic sequestration under the Budget Control Act of 2011); and other risk factors detailed in Arotech’s most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2017 and other filings with the Securities and Exchange Commission. Arotech assumes no obligation to update the information in this release. Reference to the Company’s website above does not constitute incorporation of any of the information thereon into this press release.