ADvantage Framework is a model-based systems engineering software platform used for a range of activities including building and operating real-time simulation-based lab test facilities for hardware-in-the-loop simulation purposes. ADvantage includes several desktop applications and run-time services software. The ADvantage run-time services combine a Real-Time Operating System (RTOS) layered on top of commercial computer equipment such as single board computers or standard PCs. The ADvantage tools include a development environment, a run-time environment, a plotting and analysis tool set, a fault insertion control application, and a vehicle network configuration and management tool that runs on a Windows or Linux desktop or laptop PC. The ADvantage user base is composed mainly of aerospace, defense, and naval/marine companies and academic researchers. Recent ADvantage real-time applications involved research and development of power systems applications including microgrid/smartgrid control and All-Electric Ship applications.