Arotec secures USD6.7m production agreement with SPAWAR.
M2 EQUITYBITES-August 20, 2015-Arotec secures USD6.7m production agreement with SPAWAR
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Security products company Arotech (Nasdaq GM:ARTX) reported on Wednesday the receipt of a USD6.7m task order from the Space and Naval Warfare Center (SPAWAR) Atlantic.
The SPAWAR order was awarded to Arotech's North American Power System Division, which includes UEC Electronics, following the successful completion of a prototype test of the CESAS II PIK, which performed exceptionally well during US Government-led performance and environmental testing.
Under the agreement, Arotech will focus on the manufacture and integration of 12 Communication Emitter Sensing and Attacking System (CESAS) II Platform Integration Kits (PIK).
According to the company,, the CESAS is the Marine Corps' only high-power, ground-mobile electronic attack (EA) asset. The CESAS provides Commanders with the capability to detect, deny and disrupt the communications of their enemy.
Arotech expects to complete this production contract in the next 12 months. The government has an option which, if exercised, will result in a second year of support for the programme.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Aug 20, 2015|
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