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Air National Guard Exercises Options on FAAC Incorporated's Boom Operator Simulator System (BOSS) Contract Adding $18.6 Million of Funded Backlog
ANN ARBOR, MI, Jul 23, 2012 (MARKETWIRE via COMTEX) -- FAAC Incorporated, part of Arotech Corporation's (NASDAQ: ARTX) Training and Simulation Division, has received a contract modification exercising options on its Boom Operator Simulator System (BOSS) contract. The contract is now funded to $22.9 million. The exercised options include 16 production units, a demonstrator retrofit, and the initial...
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