Magal Security Systems Ltd. (Nasdaq: MAGS; TASE: MAGS) shares are up 3.8% on the Tel Aviv Stock Exchange (TASE) after reporting today a homeland security deal in Israel.
The order is worth $2.3 million.
Magal said the two year deal is for support and maintenance of its existing large perimeter defense system.
Magal shares have fallen 20.1% on the TASE in 2010.
The company's share closed on Nasdaq on Friday at $3.04, giving a market cap of $31.35 million.
Published by Globes [online], Israel business news - www.globes-online.com - on September 27, 2010
© Copyright of Globes Publisher Itonut (1983) Ltd. 2010