Netanya, AL, June 15, 2007 --(
PR.com)-- Telkoor Telecom has announced that its subsidiary in Israel has received a NIS 2.7 million order for the development and manufacture of a unique airborne system.
The order received specifies that the system will be developed next year while production will begin in 2009.
In addition, the firm was informed that future orders, expected towards late 2008, may reach an estimated total of NIS 5 million.
Yossi Ben Ami, CEO of Telkoor, says that this commission attests to the continued development of new products, the increase in accumulating future orders, and continued expansion of the firm’s activities in Israel and globally. This order from Telkoor comes on the heels of other recent orders of systems for the Euro-Fighter plane, rival of the American JSF.
Telkoor Telecom and its subsidiaries are active in the field of planning, development, engineering, production, marketing, and sale of power supplies for use by firms producing equipment for civil markets (particularly in the field of communications) and for military markets. Some of Telkoor’s international activities are implemented by its subsidiaries in the US and Britain.
The firm’s major shareholder is Ben Zion Diamant, represented by the Lev Marom company (78.5%). The FITE fund invested $11.5 million in the company and it holds options to acquire half of Mr. Diamant’s shares in Telkoor Telecom.
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