March 20, 2017: Arotech Corp announced that it has received a sole source $9.5M indefinite-delivery/indefinite-quantity award from the U.S. Air Force. The scope covers updates to F-16 Common Weapon Engagement Zones based upon FAAC’s Zone Acquisition Process (ZAP) technology. The contract period of performance is through March 2022. Two task orders were issued upon award valued at 2.32 million.
March 06, 2017: Arotech Corporation announced that its U.S. Power Systems Division, UEC Electronics, received contract awards from both government and commercial customers totaling $8.3 million over the last three weeks.
In one of the recent awards, UEC has been funded $3.4 million to work with US Army CERDEC on an Energy Storage System (ESS) for Tactical Microgrids. Building on their experience in the design of hybrid power systems for military applications, the ESS will utilize both Lithium-Ion ultracapacitors and Lithium-Ion battery technologies with intelligent control to enable the microgrid to handle high transient power spikes and to allow time for generators to turn on when new loads enter the grid, thereby decreasing the need for spinning reserve (generators running below capacity and at less than peak efficiency). This hybrid power system has broad applications that will allow the Army to keep pace with increasing power and energy demands and will lessen the logistics demand for fuel-based power sources.
Arotech Stock Chart
Arotech Corporation is a leading provider of quality defense and security products for the military, law enforcement and homeland security markets, including multimedia interactive simulators/trainers and advanced zinc-air and lithium batteries and chargers.