Key Developments: Arotech Corp (ARTX.OQ)

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Latest Key Developments (Source: Significant Developments)

Arotech Corp's power systems division receives $17 mln in new orders
Monday, 12 Jan 2015 08:01am EST 

Arotech Corp:Says its power systems division has recently received $17 mln in new orders for batteries and power systems.  Full Article

Arotech Corp to combine its power systems division's U.S. Facilities into one location in South Carolina
Tuesday, 2 Dec 2014 08:30am EST 

Arotech Corp:Announces that it will be relocating the operations of its Electric Fuel Battery Corporation (EFB) subsidiary from Auburn, Alabama to Arotech's cutting-edge engineering and manufacturing facilities in Charleston, South Carolina, beginning early in 2015.Says the South Carolina location is the home base of UEC Electronics, which Arotech acquired in April, 2014.Says the relocation is expected to be completed by the end of the first quarter of 2015.  Full Article

Arotech Corp reaffirms FY 2014 revenue guidance; raises FY 2014 EBITDA guidance
Monday, 10 Nov 2014 04:01pm EST 

Arotech Corp:Continues to expect FY 2014 revenues to exceed $105 million.Increases its guidance for FY 2014 adjusted EBITDA , expecting in the range of between $9.2 million and $9.5 million, an increase from the formerly expected range of between $7.8 million and $8.3 million.FY 2014 revenue of $107 million - Thomson Reuters I/B/E/S.  Full Article

Arotech Training And Simulation Division announces $9.1 mln in new orders
Monday, 6 Oct 2014 08:29am EDT 

Arotech Corp:Announces that its Training and Simulation Division (ATSD) recently received $9.1 million in new orders and contract modifications.While these orders span all of ATSD's business areas, they were highlighted by awards for its embedded ZAP pilot weapon employment software, on-site contractor logistical support for its fielded VCTS and BOSS units, and live-fire MILO Range training solutions.  Full Article

Arotech Corp announces management changes
Wednesday, 1 Oct 2014 04:01pm EDT 

Arotech Corp:Says Robert S. Ehrlich stepped down as CEO.Steven Esses, Arotech's current president, also took over the role of CEO.Ehrlich will become executive chairman of the board.  Full Article

Arotech Corp and Power Systems Division secures order supporting a missile defense program
Thursday, 14 Aug 2014 09:18am EDT 

Arotech Corp:Says that its Battery and Power Systems Division recently received a production contract for an OEM in the defense sector. The current authorized contract value is $2.5 mln while the total value of the contract exceeds $5 mln.Work is in support of an advanced missile defense program.  Full Article

Arotech Corp 's training and simulation division receives $6.3 mln in new orders
Thursday, 7 Aug 2014 08:00am EDT 

Arotech Corp:Says its Training and Simulation Division (ATSD) has received $6.3 mln in new orders.These orders were from number of defense and municipal customers for various simulation products and systems across ATSD's operating units.Awards were highlighted by continued support contracts for FAAC's weapon employment software, university and transit department driving simulators.And an order for MILO Response, new application of Co's MILO judgment skills system to train emergency medical technicians.  Full Article

Arotech Corp and power systems division announces over $6 mln in orders
Monday, 21 Jul 2014 08:00am EDT 

Arotech Corp:Its Battery and Power Systems Division has received $6.2 mln in new orders.Orders were all for battery and related products for military applications.  Full Article

Arotech announces full exercise of public offering overallotment option
Thursday, 17 Jul 2014 04:01pm EDT 

Arotech Corp:Announces that the underwriter of underwritten public offering of 2,860,000 shares of common stock has exercised in full its over-allotment option to purchase an additional 429,000 shares of common stock at a public offering price of $3.50 per share.Gross proceeds of the offering, including the over-allotment option, were about $11.5 million.Expects to use the net proceeds from the offering for general corporate purposes.  Full Article

Arotech Corp prices public offering of common stock
Friday, 11 Jul 2014 08:30am EDT 

Arotech Corp:Prices underwritten public offering of 2,860,000 shares of its common stock at a purchase price of $3.50 per share.Gross proceeds to the company from this offering are expected to be about $10,000,000, before deducting underwriting discounts and other estimated offering expenses.Grants underwriters a 30-day option to purchase up to an aggregate of 429,000 additional shares of common stock to cover over-allotments, if any. All of the shares in the offering are to be sold by Arotech.Offering is expected to close on July 16, 2014, subject to customary closing conditions.Expects to use the net proceeds from the offering for general corporate purposes and capital expenditures.B. Riley & Co., LLC is acting as sole book-running manager.  Full Article

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