SimiGon wins $0.8m contract with an UAS provider

12th Aug 2015 11:06

(ShareCast News) - Training solutions provider SimiGon won an additional contract with an unmanned aircraft systems provider (UAS).SimiGon will supply training system technology for the program for three years for $0.8m. The deal is expected to contribute to the group's revenues for 2016 and beyond.The contract fits SimiGon's strategy to grow its footprint in the UAS market while it keeps investing in improving its position as a technology and services provider for large simulation trainings programs.President and chief executive Ami Vizer said: "The continued selection of SIMbox shows the confidence our partner has in our advanced training solutions."This contract demonstrates to the market SimiGon's capability to support the UAS training sector, a rapidly growing segment worldwide."Shares in SimiGon rose 4.39%to 21.4p on Wednesday at 1022 BST.