News Details

SimiGon Selected as Prime Contractor for a $6.7m Contract

Contract improves SimiGon's position as a major prime contractor in the aviation training market

SimiGon (LSE: SIM), a global leader in providing simulation training solutions, is pleased to announce that it has been selected as a prime contractor to deliver a SIMbox based training solution. The Company has begun to deliver upon this contract which will initially be delivered over an 18 month period. The contract is valued at $6.7m and provides the Company with significant comfort on the achievement of its expectations for the year ended 31 December 2013.

SimiGon President & CEO, Ami Vizer, said: "Over the past three years we have strategically moved up the supply chain and are pleased to have been selected as the prime contractor in the face of stiff competition from large major competitors. We are also delighted to be working with a visionary customer who sees the value of enabling technologies and improved processes for advanced operational training of aircrews. We look forward to working closely with them to deliver a successful training framework - on time, on budget - which will put us in a good position to be selected for subsequent phases of the programme."

View complete announcement on London Stock Exchange Website