One deal is for the company's Explorer night vision equipment.
ITL Optronics Ltd. (TASE: ITL) has won two orders for the supply of its target acquisition and night vision equipment, from the land forces of two Asian countries. The company did not disclose the names of the customers.
One order is for ITL's Explorer night vision equipment. The deal are worth NIS 16 million altogether. The company added that the profit margins for both deals are average for the company.
Artillery and kitchenware manufacturer Soltam Systems Ltd. owns 64.45% of ITL. ITL's share fell 2.4% by early afternoon to NIS 6.30, giving a market cap of NIS 79 million.
Published by Globes [online], Israel business news - www.globes-online.com - on February 11, 2010
© Copyright of Globes Publisher Itonut (1983) Ltd. 2010