News Column

Micronet Enertec Technologies Gets $1.2M Purchase Order

July 27, 2014

Micronet Enertec Technologies reported that its wholly-owned subsidiary, Enertec Systems 2001, received a $1.2 million purchase order for a computer-based test, diagnosis and simulation system to support a missile defense system.

According to a release from the company, the purchase order is from an Israeli defense contractor that has partnered with a U.S defense contractor in marketing this advanced Missile Defense System worldwide. The $1.2 million order is a follow-on order and will be delivered in fiscal year 2015, and this customer has indicated that additional follow-on orders are expected to be issued in fiscal 2015 and over the service life of the missile defense system.

David Lucatz, President and CEO of Micronet Enertec Technologies Inc, stated: "Our momentum in the aerospace segment continues to deliver new revenue opportunities for us. Our strong R&D expertise in Missile Defense Systems has led to numerous recent orders for our equipment that is designed to ensure the combat readiness of some of the most advanced and critically-important missile defense systems in the world. Increasing missile attack threats and recent unfortunate events have increased interest around the globe in the combat-proven missile defense solutions that we support."

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Source: Professional Services Close - Up

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