Ortek manufactures advanced electronic warning systems.
Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) unit Ortek Ltd., which develops products for homeland security applications, announced today it won a contract with the Ministry of Defense for the construction of an electronic warning system. The first phase of the contract is valued at approximately NIS 20 million. The contract includes an option to significantly expand the system, which would bring the contract to a total value of NIS 80 million.
The first phase of this project includes an electronic deterrence system that will detect and assist in preventing any crossing attempts, 24 hours a day, and in all weather conditions. The system is comprised of advanced sensors, an electronic fence, communications and computerized command and control posts. The deterrence system’s infrastructure is based on various detection technologies enabling early detection of low threshold false alarm incidences. The sensors’ system will transmit online data to the command and control center providing an overall picture of the sector as well as warnings for every incursion attempt. Ortek managing director Eli Venezia said: “This is another significant achievement for Ortek that follows a previous contract to supply an electronic warning system for the Jerusalem detour route. We are proud to have been selected by the Ministry of Defense to provide one of the most advanced security systems in Israel and to contribute to the electronic fence system project led by the Security Fence Administration”.
Elbit Systems president and CEO Joseph Ackerman said: “Wining this contract in addition to the contract for deployment of a peripheral coastal security system in the Far East, reported about last month, positions Ortek, of the Elbit Systems Group, as a major player in homeland defense both in Israel and worldwide. We hope that wining this project will enable us to secure additional projects in the near future.”
Published by Globes [online], Israel business news - www.globes.co.il - on March 19, 2006
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