19th Aug 2014 08:08
LONDON (Alliance News) - SimiGon Ltd said Tuesday that it has been awarded a three-year support services and maintenance agreement for an existing European customer's simulation training centres.
The simulation training services provider said the new contract, valued at USD0.8 million, will commence immediately and will contribute to improved revenue visibility over the period of the contract.
SimiGon said it has been working with the unnamed company since 2009.
Under the terms of the deal, SimiGon will provide a SIMbox update for a new version of its customer's aircraft as well as support and warranty for the next three years to the customers academic training centres and internal development labs.
SimiGon shares were trading 0.93% higher at 27.00 pence per share Tuesday morning.
By Alice Attwood; [email protected]; @AliceAtAlliance
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