Adacel Technologies Limited (AU:ADA) has released an update.
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Adacel Technologies Limited retains its contract with the FAA for Tower Simulation System Support & Technical Refresh after a re-evaluation process, upholding the company’s $59 million deal over five years. The contract, which started on December 1, 2023, covers maintenance and a comprehensive technical upgrade of the TSS. The company, a global leader in air traffic control simulation and training, also projects an EBITDA of $4-5 million for FY2025.
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