Subsidiary Fraser Volpe will supply electro-optical equipment for ground forces.
ITL Optronics Ltd. (TASE: ITL) US subsidiary Fraser Volpe LLC has won a follow-on US Army contract worth $8.2 million for the supply of electro-optical equipment for ground forces. Deliveries will be made through 2010.
The order follows a $14 million contract signed in March. ITL acquired Fraser Volpe in December for $6.5 million.
Published by Globes [online], Israel business news - www.globes-online.com - on May 25, 2008
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