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  • Micronet Enertec Technologies, Inc. (MICT) Secures $2M Development Deal For Missile Defense Testing System, $4M Estimated In Follow-On Orders 0 comments
    Feb 6, 2014 5:57 PM | about stocks: MICT

    Micronet Enertec, which has a strong hand in the defense and aerospace sectors as a supplier of specialized electronic systems via their wholly-owned Enertec Systems (biggest private manufacturer/supplier to Israeli military) and rugged, mobile computing platforms for mobile resource management via their controlling interest-owned Micronet, reported the latest win for Enertec's extremely successful automated test equipment and simulator systems business today, with the award of a $2M advanced missile defense system development project.

    Given the commanding presence already established by MICT in U.S. and Israeli military markets for such mission critical testing, diagnostic and simulation builds, it was little surprise to learn that the company has been selected to develop what is being billed as a generic support system for a vast range of advanced missile defense platforms. More importantly, MICT expects additional follow-on production orders from the deal covering the full life cycle of the target combat systems.

    President and CEO of MICT, David Lucatz, noted this selection by a top billion-dollar A&D integrator (also based in Israel), which is partnered up with a major U.S. contractor to oversee the global roll out of this state-of-the-art missile defense platform, as a clear indication of the company's clout within the sector. The customer has even indicated that earliest follow-on orders should crop up as soon as next year, with a current estimate in the $4M range for such follow-on orders, this deal really reinforces to investors how shrewd MICT has been with their focus on the missile defense niche.

    The extensive experience and impeccable reputation established by MICT in this area, with their unique know-how and systems expertise, will continue to serve shareholders well as increased threats of this nature mount globally, creating a serious demand swell. There is a huge market here for MICT doing front-end systems for increasingly complex A&D applications and the company's reputation is absolutely key when it comes to maximizing their traction in the missile defense niche and other areas.

    Learn more about Micronet Enertec Technologies, Inc. at Micronet-Enertec.com

    MissionIR provides investor relations services to publicly traded companies in exchange for compensation. This article may be part of our efforts to widen a client's exposure. To read our full disclaimer, visit http://disclaimer.missionir.com

    Stocks: MICT
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