During the corresponding time, Arotech Corp saw a revenue deteriorated by -1.14 % year on year, sequentially revenue grew by 1.32 %. While revenue at the Arotech Corp's corporate clients
Arotech's Comment on Sales, Marketing and Customers
We market our Training and Simulation Division products to all branches of
the U.S. military, international militaries, federal and local governments,
municipal transportation departments, research institutions, private organizations,
and public safety groups. Municipalities throughout the U.S. are using our vehicle
simulators and use-of-force products, and our penetration in Asia, Europe and
the Americas continues through the use of commissioned sales agents and regional
distributors.
We have long-term relationships, many of over twenty years’ duration,
with the U.S. Air Force, U.S. Navy, U.S. Army, U.S. Marine Corps, Department
of Homeland Security, and most major U.S. Department of Defense training and
simulation prime contractors and related subcontractors. The quality of our
customer relationships is illustrated by the multiple program contract awards
we have earned from many of our customers.
We market to a diverse array of customers. We believe we have achieved significant
success in this market; however, we are modifying our products to better meet
commercial/industrial demands. In addition, we are refocusing marketing efforts
internationally on the heels of our GREENS and MHEES programs. Specific efforts
include attendance at international trade shows, establishing international
sales channels, establishing networks within the U.S. commercial service, and
an increase in outbound marketing efforts designed to drive potential customers
to our solutions.
Over ninety percent of revenues are attributed to existing customers with new
requirements or referrals of new customers from our existing customer base.
This customer loyalty is closely tied to our technical solutions, our on-time
delivery and quality of product metrics (consistently 98% or greater).
The principal customers for our lithium batteries were the Israel Ministry
of Defense, Elbit, Israel Aircraft Industries, Aeronautics, and Thales. The
principal customer for our soldier power systems was the U.S. Army.
We market our marine safety products through our own network of distributors
in Europe, the United States, Asia and Oceania. We market our lights to the
commercial aviation industry through an independent company that receives a
commission on sales.
Arotech’s Comment on Sales, Marketing and Customers
We market our Training and Simulation Division products to all branches of
the U.S. military, international militaries, federal and local governments,
municipal transportation departments, research institutions, private organizations,
and public safety groups. Municipalities throughout the U.S. are using our vehicle
simulators and use-of-force products, and our penetration in Asia, Europe and
the Americas continues through the use of commissioned sales agents and regional
distributors.
We have long-term relationships, many of over twenty years’ duration,
with the U.S. Air Force, U.S. Navy, U.S. Army, U.S. Marine Corps, Department
of Homeland Security, and most major U.S. Department of Defense training and
simulation prime contractors and related subcontractors. The quality of our
customer relationships is illustrated by the multiple program contract awards
we have earned from many of our customers.
We market to a diverse array of customers. We believe we have achieved significant
success in this market; however, we are modifying our products to better meet
commercial/industrial demands. In addition, we are refocusing marketing efforts
internationally on the heels of our GREENS and MHEES programs. Specific efforts
include attendance at international trade shows, establishing international
sales channels, establishing networks within the U.S. commercial service, and
an increase in outbound marketing efforts designed to drive potential customers
to our solutions.
Over ninety percent of revenues are attributed to existing customers with new
requirements or referrals of new customers from our existing customer base.
This customer loyalty is closely tied to our technical solutions, our on-time
delivery and quality of product metrics (consistently 98% or greater).
The principal customers for our lithium batteries were the Israel Ministry
of Defense, Elbit, Israel Aircraft Industries, Aeronautics, and Thales. The
principal customer for our soldier power systems was the U.S. Army.
We market our marine safety products through our own network of distributors
in Europe, the United States, Asia and Oceania. We market our lights to the
commercial aviation industry through an independent company that receives a
commission on sales.
Sources:
Arotech Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Arotech Corp’s corporate clients.
For your research, we’ve provided 9 tables on Arotech Corp corporate clients.
You can find them in the navigation menu under Customers & Markets.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.