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SimiGon teams up with URS Federal Services for contract bid

SimiGon, a group which delivers simulation training solutions, has signed an agreement with URS Federal Services, a provider of military training, engineering, construction and technical services, to create a complete simulation training solution as a prime contractor.

SimiGon, a group which delivers simulation training solutions, has signed an agreement with URS Federal Services, a provider of military training, engineering, construction and technical services, to create a complete simulation training solution as a prime contractor.

The company said it anticipates that together the companies will submit a bid in 2013 to become a prime contractor for the US Army Construction Equipment Virtual Trainers (CEVT) programme, valued at an estimated $30m.

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If selected, SimiGon will receive revenues for the provision of all of the simulation and training technologies for several hundred systems, while URS will provide the Integrated Digital Environment, Subject Matter Experts and other important services.

Ami Vizer, Chief Executive Officer of SimiGon, said: "Our stated strategy is to move up the scale and be a prime contractor and successfully deliver large simulation training programs such as CEVT. Expanding the SimiGon offer by adding the expertise within URS will enhance our ability to do this.

"With our established position as the preferred supplier of simulation solutions for the world's largest military flight trainingprogrammes, alongside URS, a world renowned name and proven operator in the industry, we feel we can provide a unique all-around offer to the US Army."

The share price rose 7.69% to 17.50p by 12:45.

NR

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