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US Air Force awards contract to SimiGon - Simigon

News Details

US Air Force awards contract to SimiGon

SimiGon (LSE: SIM), a global leader in modelling, simulation & training solutions, is pleased to announce that it has been chosen as the prime contractor by the U.S. Air Force Air Education Training Command (AETC) for the delivery of SIMbox based T-6A Modular Training Devices (MTD). Under the terms of the contract, SimiGon will be paid $2.6m for the successful delivery of the MTD.

The SIMbox MTD simulators will be used to train undergraduate, Remotely Piloted Aircraft (RPA) students for Pilot Instrument Qualification training. The simulators will be configured as a T-6 Texan II utilising SimiGon's powerful Commercial off the Shelf (COTS) product, SIMbox®. The T-6 Texan II is a single-engine turboprop aircraft and is used by the United States Air Force for basic pilot training and by the United States Navy for Primary and Intermediate Joint Naval Flight Officer (NFO) and Air Force Combat Systems Officer (CSO) training.

SimiGon expects to commence recognising revenues from the contract in the current financial year. As a result, the contract is expected to have a positive impact on FY 2011 revenues and contribute to improved visibility over FY 2012 revenues. Additionally, it positions SimiGon for similar opportunities globally as the T-6A is also used as a basic trainer by the Canadian Forces, the Luftwaffe of Germany, the Greek Air Force, the Israeli Air Force, and others.

SimiGon President & CEO, Ami Vizer, said: "We are excited to be chosen as the prime contractor for the U.S. Air Force RPA undergraduate training as it allows us to move up the supply chain and have a direct relationship with the client. RPA pilot training is a rapidly growing segment and this contract is expected to provide us with numerous growth opportunities with the US Air Force as well as other forces worldwide. We see this contract as a first step in a long term, mutually beneficial relationship for both parties."

View complete announcement on London Stock Exchange Website