20th Jun 2016 07:25
LONDON (Alliance News) - SimiGon Ltd on Monday said it has secured a USD2.0 million contract with the Israeli Air Force to provide new F16 fighter jet maintenance trainers to the air force's technician school in Haifa.
SimiGon, which provides modelling, simulation and training services, said the deal will be delivered over the course of 18 months, and its revenue contribution has already been factored into the company's 2016 expectations.
However, the contract also improves revenue visibility for 2017.
"We are excited to receive this contract winning notice which will lead to new business opportunities and will support our existing revenue channels," said SimiGon President and Chief Executive Ami Vizer.
By Sam Unsted; [email protected]; @SamUAtAlliance
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