Arotech Corporation

Last updated
Arotech Corporation
Company type Private
Nasdaq: ARTX
Industry Defense
Aerospace
Founded1990;34 years ago (1990)
Headquarters Delaware, United States
Key people
Dean M. Krutty (CEO)
RevenueIncrease2.svg US$ 98.7 million (2017)
Increase2.svg US$ 2.9 million (2017)
Increase2.svg US$ 3.8 million (2017)
OwnerGreenbriar Equity Group
Number of employees
472
Website arotech.com

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]

Contents

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]

Armor Systems Division

Arotech has provided protective armor for Boeing's C-17 Globemaster III C-17 test sortie.jpg
Arotech has provided protective armor for Boeing's C-17 Globemaster III

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:

Military training simulation programs

FAAC/IES corporate offices, Ann Arbor FAAC-IES coprorate offices Ann Arbor Michigan.JPG
FAAC/IES corporate offices, Ann Arbor

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]

Related Research Articles

<span class="mw-page-title-main">Pratt & Whitney</span> Aircraft engine manufacturer

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.

<span class="mw-page-title-main">General Dynamics</span> Defense manufacturing conglomerate

General Dynamics Corporation (GD) is an American publicly traded aerospace and defense corporation headquartered in Reston, Virginia. As of 2020, it was the fifth-largest defense contractor in the world by arms sales, and fifth largest in the United States by total sales. The company is a Fortune 100 company, and was ranked No. 94 in 2022.

<span class="mw-page-title-main">Aerospace manufacturer</span> Company involved in manufacturing aircraft, aircraft parts, missiles, rockets, and/or spacecraft

An aerospace manufacturer is a company or individual involved in the various aspects of designing, building, testing, selling, and maintaining aircraft, aircraft parts, missiles, rockets, or spacecraft. Aerospace is a high technology industry.

<span class="mw-page-title-main">Aerospace</span> Term used to collectively refer to the atmosphere and outer space

Aerospace is a term used to collectively refer to the atmosphere and outer space. Aerospace activity is very diverse, with a multitude of commercial, industrial, and military applications. Aerospace engineering consists of aeronautics and astronautics. Aerospace organizations research, design, manufacture, operate, maintain, and repair both aircraft and spacecraft.

<span class="mw-page-title-main">Raytheon</span> U.S. defense contractor

The Raytheon Company was a major U.S. defense contractor and industrial corporation with manufacturing concentrations in weapons and military and commercial electronics. It was previously involved in corporate and special-mission aircraft until early 2007. Raytheon was the world's largest producer of guided missiles. In April 2020, the Raytheon Company merged with United Technologies Corporation to form Raytheon Technologies, which changed its name to RTX Corporation in July 2023.

<span class="mw-page-title-main">L3 Technologies</span> Defunct American defense and electronic equipment manufacturer

L3 Technologies, formerly L-3 Communications Holdings, was an American company that supplied command and control, communications, intelligence, surveillance and reconnaissance (C3ISR) systems and products, avionics, ocean products, training devices and services, instrumentation, aerospace, and navigation products. Its customers included the Department of Defense, Department of Homeland Security, United States Intelligence Community, NASA, aerospace contractors, and commercial telecommunications and wireless customers. In 2019, it merged with Harris Corporation to form L3Harris Technologies.

United Technologies Corporation (UTC) was an American multinational conglomerate headquartered in Farmington, Connecticut. It researched, developed, and manufactured products in numerous areas, including aircraft engines, aerospace systems, HVAC, elevators and escalators, fire and security, building automation, and industrial products, among others. UTC was also a large military contractor, getting about 10% of its revenue from the U.S. government. In April 2020, UTC merged with the Raytheon Company to form Raytheon Technologies, later renamed RTX Corporation.

The multiple integrated laser engagement system, or MILES, is used by the U.S. military and other armed forces around the world for training purposes. It uses lasers and blank cartridges to simulate actual battle.

<span class="mw-page-title-main">Oshkosh Corporation</span> American industrial company

Oshkosh Corporation, formerly Oshkosh Truck, is an American industrial company that designs and builds specialty trucks, military vehicles, truck bodies, airport fire apparatus, and access equipment. The corporation also owns Pierce Manufacturing, a fire apparatus manufacturer in Appleton, Wisconsin, and JLG Industries, a manufacturer of lift equipment, including aerial lifts, boom lifts, scissor lifts, telehandlers and low-level access lifts.

Moog Inc. is an American-based designer and manufacturer of electric, electro-hydraulic and hydraulic motion, controls and systems for applications in aerospace, defense, industrial and medical devices. The company operates under four segments: aircraft controls, space and defense controls, industrial controls, and components. Moog is headquartered in Elma, New York, and has sales, engineering, and manufacturing facilities in twenty-six countries.

Parker Meggitt is a British international company specialising in components and sub-systems for the aerospace, defence and selected energy markets. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index until it was acquired by Parker Hannifin in September 2022.

BAE Systems Electronic Systems (ES) is one of three operating groups of BAE Systems Inc., the North American subsidiary of the British global defence contractor BAE Systems PLC.

<span class="mw-page-title-main">Hellenic Aerospace Industry</span> Greek aerospace company

Hellenic Aerospace Industry (HAI) is the leading aerospace company of Greece. The company headquarters is located in Tanagra, 65 kilometers north-west of Athens, with the industrial complex covering an area of 200,000 sq.m.

<span class="mw-page-title-main">RUAG</span> Swiss company specializing in aerospace engineering and the defense industry

RUAG Holding is a Swiss company specialising in aerospace engineering and the defence industry. Its headquarters are located in Bern, while it also has numerous production sites in Switzerland, Germany, Sweden, Hungary, Austria and United States, and sales companies in Australia, UK, France, Belgium, Brazil and Malaysia.

IMI Systems, previously Israel Military Industries, also referred to as Ta'as, was an Israeli weapons manufacturer. The company manufactured weapons, munitions and military technology mainly for the Israeli security forces.

Exelis Inc., was a global aerospace, defense, information and services company created in October 2011 as a result of the spinoff of ITT Corporation's defense business into an independent, publicly traded company. The company was headquartered in Tysons Corner, Virginia, USA and was led by CEO and President David F. Melcher. The Washington Post highlighted Exelis as a top company in the Washington, D.C. region in 2011. It was acquired by the Harris Corporation for $4.75 billion in 2015.

<span class="mw-page-title-main">Vivek Lall</span> American businessman

Vivek Lall is an American scientist who has been Chief Executive of General Atomics Global Corporation since June 1, 2020. Before joining General Atomics, Dr Lall worked at Lockheed Martin, and held key positions with Boeing and Lockheed Martin. Lall previously worked at General Atomics from August 2014 to December 2017. He has also worked with Raytheon. Lall was heading the Boeing operations in India from 2007 through April 2011. Lall previously worked for the US-based global defense and nuclear giant General Atomics as the global Chief Executive for International Commercial Strategic Development for General Atomics.

Armor has been used in the military for a long period of time during the course of history, but is becoming more frequently seen in the public sector as time passes. There are many different forms and ways that armor is being commercially used throughout the world today. The most popular and well-known uses are body and vehicle armor. There are other commercial uses including aircraft armor and armored glass.

<span class="mw-page-title-main">RTX Corporation</span> American multinational aerospace and defense conglomerate

RTX Corporation, formerly Raytheon Technologies Corporation, is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia. It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization, as well as one of the largest providers of intelligence services. In 2023, the company's seat in Forbes Global 2000 was 79. RTX manufactures aircraft engines, avionics, aerostructures, cybersecurity solutions, guided missiles, air defense systems, satellites, and drones. The company is also a large military contractor, getting a significant portion of its revenue from the U.S. government.

References

  1. Reuters Arotech Corp (ARTX.O)
  2. "Press Releases :: Arotech Corporation". Archived from the original on 2016-03-04. Retrieved 2015-08-20.
  3. https://seekingalpha.com/news/3527432-arotech-delisted-from-nasdaq Arotech delisted from Nasdaq
  4. http://www.dailymarkets.com/stock/2011/07/14/raytheon-wins-a-couple-of-deals/ Archived 2012-03-18 at the Wayback Machine Raytheon Wins A Couple Of Deals
  5. "Home". mdt-armor.com.
  6. "Armor of America - Rotary Wing Armor". Archived from the original on 2011-04-15. Retrieved 2011-03-28.
  7. http://www.arotech.com/pr/2010/pr20102010.shtml Archived 2012-03-21 at the Wayback Machine Arotech's Training and Simulation Division Appears on 21st Century Business Television Series
  8. http://defensenews-updates.blogspot.com/2010/01/arotechs-ies-interactive-training.html Arotech's IES Interactive Training Awarded Over $3 Million in New Contracts From Federal Agencies for Its Use-of-Force Simulation Products