News Details

SimiGon awarded $4 million contract with Booz Allen Hamilton Engineering Services to provide the U.S. Air Force with software and support for the addition of multiple T-6 simulators.

SimiGon, Inc. (LSE: SIM), a global leader in modelling, simulation & training solutions, is pleased to announce that it has been awarded a $4 million contract with Booz Allen Hamilton Engineering Services, LLC ("Booz Allen ES") to provide the U.S. Air Force with support and software for the addition of multiple T-6 simulators for the Remote Piloted Aircraft ("RPA") training simulators ("the Contract").

The initial funding of the Contract is $0.92 million and it includes the procurement of the SIMbox software technology, T-6 model content and integration for six newly fabricated RPA training simulators. The expected revenue contribution from this Contract was already factored into management's expectations for the year ended 31 December 2015. It also expects to contribute to improved revenue visibility for FY 2016 and beyond.

Booz Allen ES is a wholly-owned subsidiary of Booz Allen Hamilton Inc, who provides management consulting, technology and engineering services to the U.S. government and major corporations. This Contract with Booz Allen ES was established based on SimiGon's advanced simulation & training solutions together with the successful execution of SimiGon's original contract to deliver the first ten SIMbox based T-6A training systems to the U.S. Air Force, as announced in September 2011. The SIMbox Modular Training Devices simulators are used to train undergraduate RPA students for Pilot Instrument training.

SimiGon continues its successful entry into the T-6 training market, solidifying its market leading offering and positioning the Company for similar opportunities globally as the T-6A and T-6B are used as basic trainers in militaries around the globe.

SimiGon President & CEO, Ami Vizer, said: "This Contract further strengthens our position of working with valuable global partners as a supplier of choice in the provision of simulation training solutions while, at the same time, demonstrating that SimiGon has the capability to develop and support the unmanned aircraft training sector which is a rapidly growing segment worldwide. We are excited to be awarded this Contract which was founded on executing delivery and performance of our systems as a prime contractor for the U.S. Air Force since September 2011."

View complete announcement on London Stock Exchange Website