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By Anthony O. Goriainoff
MTI Wi-fi Edge Ltd. mentioned Monday that one in all its divisions has received a three-year contract with Israel’s Ministry of Protection anticipated to be value $1.4 million a yr or $10 million over seven years.
The Israel-based, U.K.-listed know-how firm mentioned P.S.K. WIND Applied sciences Ltd. received the contract, which has a four-year extension choice. It mentioned the contract was a continuation of its service and upkeep assist contract.
“P.S.K. is already proving to be a powerful acquisition and this contract win, whereas anticipated, supplies us with wonderful visibility and confidence over future revenues,” Chief Govt Moni Borovitz mentioned.
Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com
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