Orbit in NIS 2m Canadian Air Force deal

The company will supply airborne telemetry and monitoring systems to monitor objects flying in Canadian air space.

Orbit Technologies Ltd. (TASE:ORBI) has won a NIS 2 million order from the Canadian Air Force for its airborne telemetry and monitoring systems, which will be installed in planes operating out of the Cold Lake Air Force Base in Alberta.

The system will monitor objects flying in Canadian air space.

Orbit president and CEO Avi Cohen said that he expects to expand business in Canada for telemetry and monitoring as well as other applications.

Orbit's share price rose 1.1% today to NIS 14, giving a market of NIS 126 million.

Published by Globes [online], Israel business news - www.globes-online.com - on January 25, 2012

© Copyright of Globes Publisher Itonut (1983) Ltd. 2012

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