The London Stock Exchange uses cookies to improve its website. The cookies for analytical purposes have already been set. For more details and how to manage cookies, please see our privacy and cookies policy.

Alliance News Detail


SimiGon Wins USD7.9 Million Civilian Aviation Training Deal

[ 03 May 2016 08:01 ]

LONDON (Alliance News) - Simulation technology company SimiGon Ltd on Tuesday said it signed a five-and-a-half year, USD7.9 million deal to deliver its SIMbox training services to an Asian civilian aviation training services provider, which it did not name.

SimiGon said it will book around USD1.4 million in revenue from the contract in 2016 and said the deal will improve its revenue visibility beyond this year.

SimiGon said this marks another major contract outside the defence industry and sees it continue to diversify its product offering and addressable market.

"We are excited to be awarded this Contract which strengthens our position in the civilian aviation sector; a sector which we strongly believe has significant growth potential," said SimiGon Chief Executive Ami Vizer.

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

Copyright 2016 Alliance News Limited. All Rights Reserved.


SimiGon Wins USD7.9 Million Civilian Aviation Training Deal - Alliance News

The Exchange accepts no responsibility for the content of the website you are now accessing or for any reliance placed by you or any person on the information contained on it.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds.

You are accessing the London Stock Exchange Annual Report Service powered by PrecisionIR.

The Exchange accepts no responsibility for the content of the reports you are now accessing or for any reliance placed by you or any person on the information contained therein.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds