Hanahan, South Carolina – August 23, 2018 – UEC Electronics joins four other companies who were awarded a combined $949,900,000 indefinite delivery/indefinite quantity (ID/IQ) supply contract from the Space and Naval Warfare Center (SPAWAR) Atlantic. The contract is for Cyber Mission Systems, Kitting and Supplies. The work includes procuring systems that provide wireless communications, detection, collection and exploitation of electrical and electronic equipment to support the warfighter.
Related services such as sustainment, maintenance and disposal may be procured under the scope of this contract. The contract is a five-year award with a 24-month option period. Work will be performed worldwide and is expected to be completed Aug 2023. If the option is exercised work would continue through August 2025.
David Modeen, President of UEC Electronics, stated, “We are honored to be selected for this award and eager to continue our longstanding support to SPAWAR. UEC has designed, prototyped and manufactured a number of products for SPAWAR and the warfighter in the past and we look forward to continuing to give our nation’s warfighters an unfair advantage no matter where they are in the world.”
Company Background Information: Founded in 1995, UEC Electronics is subsidiary of Arotech’s (Nasdaq ARTX) Power Systems Division. Arotech Corporation is a defense and security products and services company, engaged in two business areas: interactive simulation for military, law enforcement and commercial markets; and power systems and batteries for the military, commercial and medical markets. Arotech operates through two major business divisions: Training and Simulation, and Power Systems. The Arotech Power Systems Division develops and provides sophisticated portable energy solutions designed to complex and demanding customer specifications. These solutions are used for diverse applications from vehicle power, clean energy power generation, power distribution and management, military field equipment to life-vest lights, satellite radios and unmanned vehicles. Arotech’s solutions are produced primarily for military, aerospace and industrial customers.
Contact Information: Nancy Straight, email@example.com; 5914 Howard Street, Hanahan, SC; Ph 843-552-8682
Except for the historical information herein, the matters discussed in this release include forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, and are subject to various risks and uncertainties that may cause actual results to vary materially. These risks and uncertainties are detailed in Arotech’s most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2015, and other filings with the Securities and Exchange Commission.