Company type | Private |
---|---|
Nasdaq: ARTX | |
Industry | Defense Aerospace |
Founded | 1990 |
Headquarters | Delaware, United States |
Key people | Dean M. Krutty (CEO) |
Revenue | US$ 98.7 million (2017) |
US$ 2.9 million (2017) | |
US$ 3.8 million (2017) | |
Owner | Greenbriar Equity Group |
Number of employees | 472 |
Website | arotech |
Arotech Corporation is a defense and security products and services company. It manufactures and designs products for military and non-military air and ground vehicles; interactive simulation for military, law enforcement and commercial markets, and batteries and charging systems for the military. Arotech operates through two major business divisions: Interactive simulation for military, law enforcement and commercial markets, and batteries and power systems for the military. [1]
Arotech is incorporated in Delaware, with corporate offices in Ann Arbor, Michigan and research, development and production subsidiaries in Michigan, South Carolina and Israel. [2] Until late 2019 they were publicly held (NASDAQ: ARTX). In December 2019 Arotech was acquired by Greenbriar Equity Group and taken private. [3]
Raytheon Company remains Arotech's chief competitor in defense, homeland security and other government markets. [4]
In 2004, Armour of America was acquired by Arotech Corporation. Arotech's armor division produces armored vehicles for homeland security and government agencies. It owns manufacturing facilities in Auburn, Alabama, and Lod, Israel. The company has designed armor for over 30 types of vehicles, [5] including military vehicles, helicopters and transport aircraft. These include:
Arotech's Training and Simulation Division (FAAC) manufactures and markets simulators for engineering, use-of-force, and driver training simulations for military, law enforcement, security, municipal and private industry personnel. The division also supplies pilot decision making support software for the F-15, F-16, F-18, F-22, and F-35 aircraft, as well as simulation models for the ACMI/TACTS air combat training ranges. [7]
Arotech's simulation division has been awarded federal contracts for the Federal Bureau of Investigation (FBI), Drug Enforcement Administration (DEA), and Department of Health and Human Services (HHS). [8]
Pratt & Whitney is an American aerospace manufacturer with global service operations. It is a subsidiary of RTX Corporation. Pratt & Whitney's aircraft engines are widely used in both civil aviation and military aviation. Its headquarters are in East Hartford, Connecticut. The company is the world's second largest commercial aircraft engine manufacturer, with a 35% market share as of 2020. In addition to aircraft engines, Pratt & Whitney manufactures gas turbine engines for industrial use, marine propulsion, and power generation. In 2017, the company reported that it supported more than 11,000 customers in 180 countries around the world.
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