Simulation training services provider SimiGon Ltd has received regulatory approval for a $2m purchase order from the Israeli Air Force (IAF).
This order for F-16 maintenance simulation had been delayed and it is deliverable over 14 months. The first contract milestones should be before the end of 2017 so there should be some revenues recognised this year.
SimiGon reported a slump into loss in the first half as revenues fell from $3.29m to $2.19m.
The share price recovered to 18.5p.
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