Ann Arbor's Cybernet Systems is branching out into a whole new part of the business world.
Excerpt:
Ann Arbor-based engineering research and development firm Cybernet Systems Corp. this week received two contracts allowing it to bid on up to $17.5 billion in defense simulation projects through the U.S. Army Simulation, Training and Instrumentation program.
The contracts themselves have only a nominal $5,000 value, but give Cybernet the standing to bid competitively with dozens of companies nationwide on military projects over the next 10 years, said Charles Cohen, vice president of research and development for Cybernet. The company signed the first of the two contracts on Monday.
“The real significance is in relation to what could have happened if we had not won the contracts,” he said.
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