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Technology Stocks : Firearm Training Systems (FATS) -- Ignore unavailable to you. Want to Upgrade?

To: Emec who wrote (69)	12/9/1997 10:50:00 AM
From: stock talk	Respond to of 115

Thought this might be of interest: stricom.army.mil

To: Emec who wrote (69)	12/15/1997 7:17:00 PM
From: stock talk	Read Replies (1) \| Respond to of 115

Monday December 15, 5:53 pm Eastern Time Company Press Release FATS Awarded Canadian Armed Forces Contract Options SUWANEE, Ga.--(BUSINESS WIRE)--Dec. 15, 1997--Firearms Training Systems, Inc. (NASDAQ:FATS - news), announced today that the Canadian Armed Forces exercised several options on its existing Small Arms Trainer (SAT) contract and its Indirect Fire Trainer (IFT) contract. These options combined with the base contracts increase the total value of the contracts to approximately $13 million. Product deliveries are scheduled over two years with the initial delivery scheduled for the first quarter of calendar 1998. The SAT contract was awarded in July 1997, followed by the IFT award in September 1997. The SAT and IFT systems benefit the customer by providing improved training at reduced costs through the standardization of hardware, software and the many logistic elements needed to support a major training device program. ''We are very pleased with the continued growth of this contract'' said Mr. Peter Marino, Chief Executive Officer and President. ''We feel this contract award and subsequent option awards are testimony that FATS has the best-value product in the industry,'' he added. Firearms Training Systems, Inc. is the leading worldwide producer of interactive simulation systems designed to provide training in the handling and use of small and supporting arms to military and law enforcement agencies and for hunter and sports training. Over its 13 year history, the Company has developed over 180 types of simulated weapons and more than 1,000 training scenarios. To date, the Company has sold more than 2,500 FATS systems in the U.S. and over 30 other countries.