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SimiGon Shares Boosted By New Unmanned Aircraft Systems Contract

[ 12 Aug 2015 08:26 ]

LONDON (Alliance News) - Simulation training products company SimiGon Ltd on Wednesday said it has secured an additional USD0.8 million contract from a leading provider in the small tactical unmanned aircraft systems market.

SimiGon said it will deliver additional licences to the unnamed client for three years under the terms of the new deal, boosting its revenue visibility for 2016.

"We are proud to continue our partnership with this strategic client. The continued selection of SIMbox shows the confidence our partner has in our advanced training solutions. This contract demonstrates to the market SimiGon's capability to support the UAS training sector, a rapidly growing segment worldwide," said Ami Vizer, SimiGon's chief executive and president.

SimiGon shares were up 7.3% to 22.00 pence on Wednesday morning, one of the best performers in the AIM All-Share.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved.


SimiGon Shares Boosted By New Unmanned Aircraft Systems Contract - Alliance News

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