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sorry forgot to post the news and its pretty good: FATS, Inc. Teams With Lockheed Martin to Build Reconfigurable Vehicle Simulator for U.S. Army Tuesday June 21, 12:34 pm ET
ATLANTA--(BUSINESS WIRE)--June 21, 2005--FATS, Inc. announced today that it has partnered with Lockheed Martin to build a Close Combat Tactical Trainer (CCTT) Reconfigurable Vehicle Simulator (RVS) for the U.S. Army. FATS is a leader of high quality simulation systems and training solutions for military organizations around the world. ADVERTISEMENT
The U.S. Army Program Executive Office for Simulation, Training and Instrumentation awarded the contract, valued at $3.7 million. The first system will be delivered to the U.S. Army in six months. There will also be an opportunity for two additional one-year production options.
The CCTT RVS will provide training with vehicles used in combat and tactical missions in a virtual combat environment with simulated firearms. The simulator will have the ability to train five crew members simultaneously. To allow multiple viewpoints during training, the CCTT RVS will be comprised of two 360 degree field-of-view, reconfigurable vehicle simulators built into an expandable, mobile trailer or at a stand-alone location.
FATS will provide weapon simulators, ballistics, simulated bullet detection and night vision for the CCTT RVS, including relevant hardware and software components. FATS firearm simulators realistically resemble the fit and function of live weapons. FATS virtual training provides accurate, real-time diagnostics including point-of-aim, weapon status, trigger pressure and cant.
"Strategic relationships are vital in defense contracts," said Ron Mohling, chief executive officer of FATS. "This project exemplifies the value of bringing together the best available technologies to serve military objectives. FATS and Lockheed are providing realistic training that will help save lives."
FATS and Lockheed Martin first joined forces in June 2004 to create the Virtual Combat Convoy Trainer. Lockheed Martin Simulation, Training & Support in Orlando, Fla., will design and produce the simulator.
About Lockheed Martin
Headquartered in Bethesda, Md., Lockheed Martin (NYSE: LMT - News) employs about 130,000 people worldwide and is principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products and services. The company Web site is www.lockheedmartin.com
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damn u Keith.. u should of PM'd me about this one lol ... too late now.. decent run for it though im not too crazy about it's volume.. candlestick is now a Shooting Star.. most likely will go down tomorrow.. the bears took control at the end...
-------------------- Let the world change you... And you can change the world.
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probably a pullback Master Keith lol the Sith's will try to get their revenge but by friday like you said it should go up.. but we shall see what tomorrow brings... like i said it's a "Shooting Star"... nothing is 100% in candlestick patterns till the next Candle (next trading day) confirms it whether it is a bear or bull move and is a trend reversal...
-------------------- Let the world change you... And you can change the world.
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United Kingdom Ministry of Defence Awards FATS, Inc. $3 Million Contract for Simulation and Training Systems
Business Wire via COMTEX
Jul 26, 2005 3:16:01 PM
ATLANTA, Jul 26, 2005 (BUSINESS WIRE) --
The Defence Procurement Agency (DPA) of the United Kingdom Ministry of Defence (MOD) has awarded FATS, Inc. a contract valued at approximately $3 million for Javelin anti-armor simulated training systems. Delivery of the newest order will begin in 2006.
FATS will integrate Javelin anti-armor training simulators into already existing Dismounted Close Combat Trainers (DCCT) developed by FATS. The new virtual training systems will allow military forces to train collectively with Javelin in a combined-arms environment.
"FATS has built a long-standing relationship with the United Kingdom MOD," said FATS chief executive officer Ron Mohling. "This contract illustrates our successful track record of providing advanced solutions for the British military forces. FATS is committed to supporting its military customers around the world."
This agreement is only one of FATS contracts with the DPA's Integrated Project Team for Joint and Battlefield Trainers, Simulations and Environments for the British military forces. FATS relationship with the United Kingdom MOD began in 1992. Building on the success of their Small Arms Trainer, FATS delivered the first DCCT system in 2003. For more than 12 years, FATS has provided upgrades and support and continued to provide simulated training systems to British military forces.
To date, FATS has deployed more than 5,200 simulators to military, law enforcement and security forces worldwide.
FATS, Inc., a subsidiary of Firearms Training Systems, Inc. (OTC:FATS), designs and sells virtual training systems that improve the skills of the world's military, law enforcement and security forces. FATS training provides judgmental, tactical and combined arms experiences, utilizing quality engineered weapon simulators. The company serves U.S. and international customers from headquarters in Suwanee, Georgia, with branch offices in Australia, Canada, Netherlands and United Kingdom. FATS, an ISO 9001:2000 certified company, celebrated its 20th anniversary in 2004. The company Web site is www.fatsinc.com.
Except for financial information contained in this press release, the matters discussed may consist of forward-looking statements under the Private Securities Litigation Reform Act of 1995. The accuracy of the forward-looking statements, including statements regarding future events or the future financial performance of the company, is necessarily subject to a number of risks and other factors which could cause the actual results to differ materially from those contained in the forward-looking statements. Among such factors including those discussed above are: general business and economic conditions; the company's success in competing for new contract awards; customer acceptance of and demand for the company's new products; receipt and delivery of a sufficient level of orders from new and existing customers as well as satisfactory completion of delivery of a sufficient portion of backlog; the company's overall ability to design, test, and introduce new products on a timely basis; the cyclical nature of the markets addressed by the company's products; and the risk factors listed from time to time in documents on file with the SEC. When used in this release, the words "believes," "estimates," "plans," "expects," "should," "will," "may," "might," "anticipates" or similar expressions as they relate to the company, or its management, are intended to identify forward-looking statements. The company, from time to time, becomes aware of rumors concerning the company or its business. As a matter of policy, the company does not comment on rumors. Investors are cautioned that in this age of instant communication and Internet access, it may be important to avoid relying on rumors and unsubstantiated information regarding the company. The company complies with Federal and State law applicable to disclosure of information concerning the company. Investors may be at significant risk in relying on unsubstantiated information from other sources.
SOURCE: FATS, Inc.
For FATS, Inc., Suwanee Freebairn & Co. Media Contact Nancy Mace Jackson, 404-237-9945 njackson@freebairn.com Copyright Business Wire 2005
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