SOUTHAMPTON, PA — Environmental Tectonics Corporation (OTC Pink: ETCC) has announced that it has been awarded four contracts with a total value of $9.7 million. The contracts are a significant win for the company’s Aircrew Training Systems business unit, demonstrating its continued success in the international aeromedical market.
Three of these contracts are for Contractor Logistics Support (CLS) and have been awarded by repeat customers in the Middle East and the U.S. The fourth contract involves a mid-life upgrade of Spatial Disorientation equipment for a customer in Asia. Spatial Disorientation equipment is crucial for pilot training, helping aircrews understand and manage disorientation events during flight.
In addition to the four contracts, ETC Simulation, based in Orlando, Florida, received a $2.7 million order for a customized Advanced Disaster Management Simulator (ADMS) system. The system will be used for an emergency response training center being established by an international client in the oil industry. The ADMS is a high-fidelity virtual reality simulation training platform that is used globally by disaster management and public safety personnel to prepare for various natural and man-made disasters.
Robert Laurent, CEO and President of Environmental Tectonics, expressed his satisfaction with the new contracts. He said, “These contracts represent the continuing strong relationship with our global aeromedical customers and the expansion of ETC Simulation’s product line and customer base.”
These contracts not only solidify Environmental Tectonics’ position in the global aeromedical field but also signal the company’s growing influence in the simulation sector. For investors, this could indicate a positive trajectory for the company’s growth and profitability.
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