FATS wins 2 military contracts.
Wednesday October 31, 3:29 pm Eastern Time
Press Release
SOURCE: Firearms Training Systems, Inc.
Firearms Training Systems, Inc. Announces Award for Weapon Simulators in Support of the U.S. Army
SUWANEE, Ga.--(BUSINESS WIRE)--Oct. 31, 2001--Firearms Training Systems, Inc. (OTC: FATS - news) announced today that it has been awarded a contract to provide the U.S. Army with over 400 additional weapon simulators in continued support of the U.S. Army Simulation and Training Command's (STRICOM) EST 2000 Program.
This contract award is valued at approximately $2.1 Million. Delivery will begin in 2002.
FATS' high fidelity weapon simulators provide unmatched realism for marksmanship, tactical and decision-making training. Weapon simulators included in this contract are the Standard Service Rifle (5.56mm), M203 grenade launcher (40mm), M9 semiautomatic pistol (9mm), M2 machine gun (.50 caliber), M4 carbine rifle, M240B machine gun and the MK19 machine gun (40mm). These and other FATS weapon simulators are in use by over 50 countries worldwide.
``We are extremely pleased with this award because it demonstrates the U.S. Army's confidence in FATS' ability to meet their training needs through the delivery of superior weapons simulators,'' remarked Randy Sugarman, Chairman of the Board and Interim CEO. ``This contract, combined with FATS numerous other U.S. DoD programs, continues to demonstrate the Company's leadership role in the U.S. military small and supporting arms simulation business area.''
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Wednesday October 10, 10:25 am Eastern Time
Press Release
SOURCE: Firearms Training Systems, Inc.
Firearms Training Systems, Inc. Announces U.S. Air Force Reserves Contract Award
SUWANEE, Ga.--(BUSINESS WIRE)--Oct. 10, 2001--Firearms Training Systems, Inc. (OTC: FATS - news) announced today the award of a contract reflecting the U.S. Air Force Reserves' continued expansion of their simulation program through the acquisition of additional FATS systems to support the training needs of their security forces.
This most recent award, valued at approximately $1 Million, will complement those systems previously fielded to the Air Force Reserves. The delivery of simulation systems, weapons and courseware will begin in December 2001.
The U.S. Air Force's active and reserve components began fielding FATS simulation systems for their security force training over 13 years ago. This most recent order will expand the availability of simulation training to additional locations while providing state-of-the-art advancements over their previously fielded systems. Today, units of the U.S. Air Force ground combat arms training community train with FATS systems in the Continental U.S., in Europe and in Asia.
``FATS is particularly proud of the expanding role the Company continues to play in the provision of security force training for the Air Force and other branches of the U.S. Department of Defense,'' remarked Randy Sugarman, Chairman of the Board and Interim CEO.
FATS® is an ISO 9002 certified company and a leading worldwide producer of interactive simulation systems designed to provide training in the handling and use of small and supporting arms for law enforcement, military and commercial applications. |
