Simigon scores another contract with US Air Force
Simulation and training solutions group SimiGon has won another contract to provide virtual reality systems to the US Air Force (USAF).
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Awarded as part of a USAF-wide, rapid innovation effort, SimiGon's said the contract "clearly" demonstrated that it was a "reliable integrator and supplier of VR and MR systems".
SimiGon said the contract was "strategically significant" and noted that expected revenue from the deal had already been factored into management's expectations for the year ended 31 December 2019.
Chief executive Ami Vizer said: "This VR systems supply contract is a natural fit for SimiGon, as we've been active in VR for almost two decades.
"We expect this contract to lead to additional VR supplier opportunities in the USAF and in the Government and commercial training space."
As of 1355 BST, SimiGon shares were up 3.08% to 10.05p.