The value of the deal is $7 million.
Ceragon Networks Ltd. (Nasdaq: CRNT; TASE:CRNT) announced today that General Dynamics (NYSE:GD) has ordered its FibeAir 1500P advanced encryption standard (AES) modules to protect voice and data transmitted across wireless broadband networks.
Deliveries for this contract, valued at $7 million, began in 2006 and will be completed during the second quarter of 2007. “This contract with General Dynamics for the US Air Force is an important validation of Ceragon's technology and leadership in secure wireless communication,” said Ceragon president and CEO Ira Palti. “Ceragon is ideally positioned to capitalize on the major opportunities presented by the growing defense market.”
Published by Globes [online], Israel business news - www.globes.co.il - on December 10, 2007
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