("SimiGon" or "the Company")
United States Air Force adds additional SimiGon support for T-6A simulators
SimiGon, (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce that the United States Air Force (USAF) has executed a contract amendment (the “Contract Amendment”) to add additional onsite support services for the sixteen T-6A Level 5 Flight Training Devices (FTDs) under the Contractor Logistics Support contract for SIMbox-based T-6A Level 5 FAA Compliant FTDs announced 7 February 2018 (the “Contract”).
This increases the total Contract value, for which the Company will be entitled to invoice the client up to additional $315,100 during the 12 month period ending 30 April 2019. The expected revenue from this Contract was already factored into management's expectations for the year ended 31 December 2018. In addition, the Contract is expected to contribute to improved revenue visibility for FY 2019.
The Company’s growing T-6A business demonstrates the end user’s high regard for SimiGon’s training devices and support maintaining the systems. The FTDs are used to provide thousands of training events annually for the USAF’s Undergraduate Remotely Piloted Aircraft Training (URT) program.
SimiGon President and CEO, Ami Vizer, said: "This Contract Amendment is a result of our hard work to support the USAF URT T-6A programme and maintain extremely high availability rates for a demanding, high tempo training operation. We appreciate the USAF’s confidence in our COTS [commercial off the shelf] products and look forward to continuing to develop support services business within the USAF and other customers.”
Posted on 06/21/2018 at 03:02 AM