Firearms Training Systems to Be Acquired by Meggitt

Defense and aerospace firm acquires virtual weapons training company


Firearms Training Systems Inc. (FATS), based out of the Atlanta, Ga. suburb of Suwanee, today announced that it has signed a merger agreement with Meggitt-USA, an engineering and manufacturing company in the aerospace and defense sectors.

Firearms Training Systems has become known for its weapons training simulators, using virtual training to create a judgmental and tactical environment. The services are primarily used by the military and law enforcement.

The FATS shareholders will receive $1.08 for each of their shares, and the acquisition is expected to be completed in the fourth quarter of this year.

FATS is online at www.fatsinc.com.