Adacel's new contract with the FAA

Adacel Technologies Limited (ASX: $ADA) has announced a new contract award from the Federal Aviation Administration (FAA) for the provision of ATC Tower Simulation System (TSS) Software and Support Services. The contract, valued at USD$6.7 million over five years, includes a one-year Base Period and four, one-year Option Periods.

Adacel's CEO on the new contract

As the FAA TSS software Original Equipment Manufacturer (OEM), we are thrilled with the confidence the Federal Aviation Administration continues to place in our team, products, and services. Adacel consistently improves the performance of its ATC simulation software, while maintaining the highest levels of availability and reliability. We look forward to successfully supporting the FAA TSS software and deploying our latest ATC training software solutions to the FAA.

Adacel's industry leadership and outlook

Adacel's new contract with the FAA reaffirms its industry leadership and ongoing collaboration with the FAA, spanning over two decades. The company remains committed to advancing air traffic control simulation and training systems for the benefit of the aviation industry. With a significant role in global airspace safety, Adacel's cutting-edge technologies continue to drive the development of advanced air traffic control simulation and training systems and state-of-the-art air traffic management solutions. The contract award has already been included in the Company's forecasts, and there are no material conditions that need to be satisfied before the contract becomes legally binding.