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SimiGon win additional contract from US Air Force - Simigon

News Details

SimiGon win additional contract from US Air Force

SimiGon (LSE: SIM), a global leader in modeling, simulation & training solutions, is pleased to announce that it has been awarded a further contract by the U.S. Air Force Air Education Training Command (AETC) to support and maintain all of the T-6A Modular Training Devices (MTD) used in the training of all Remote Piloted Aircraft (RPA) students.

The value of the contract is US$405,000, over a period of 18 months, and provides further long term revenue visibility to the Company and will help support its expectations for the future.

This contract is an extension of an ongoing relationship that began in September 2011, when SimiGon were selected as the prime contractor and successfully delivered its SIMbox based T-6A training systems. The SIMbox MTD simulators are used to train undergraduate, RPA students for Pilot Instrument Qualification training.

SimiGon's successful entry into the RPA market enhances its market leading offering and positions the Company for similar opportunities globally as the T-6A is also used as a basic trainer by the Canadian Forces, the Luftwaffe of Germany, the Israeli Air Force, and others.

SimiGon President & CEO, Ami Vizer, said: "We are excited to be awarded this contract which builds on the work we have delivered on time and on budget for the U.S. Air Force training since September 2011. Remote Pilot Aircraft training is a rapidly growing segment and this contract shows that SimiGon has exhibited the capability to fulfill the continued needs of this sector of the U.S. Air Force as well as other forces worldwide."

View the complete announcement on London Stock Exchange Website