1. Most Discussed
  2. Gainers & Losers
ADA $2.29

Another great announcement

  1. Adacel has been awarded an A$8 million (US$4.4 million) contract to
    provide air traffic control simulation systems to the United States
    Army.

    The award opens up a major new arm of the US defence forces for
    Adacel. Adacel will supply ATC simulators to the US Army's Fort
    Rucker ATC training facility in Alabama under contract with Computer
    Sciences Corporation (NYSE: CSC). The three dimensional virtual
    reality ATC simulators will be used as an integral part of the
    training facility's curriculum and will dramatically improve the
    throughput of the school.

    The latest award, which follows the recent selection by the US Air
    Force to supply a planned 94 air traffic control (ATC) simulation
    systems under a program with an estimated value of up to US$72.5
    million, furthers Adacel's position as a leader in ATC simulation in
    the US defence market.

    Adacel also continues to build its leadership position in
    international civil ATC simulation markets and is currently awaiting
    finalisation of several contracts for which the company has been
    selected.

    Since November, Adacel has been selected for North American civil and
    defence air traffic simulation and management systems programs
    totalling around A$200 million.

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top