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June 17, 2014
08:03 EDTMICTMicronet Enertec awarded $3M in cumulative follow-on orders
Micronet Enertec announced that its wholly owned subsidiary, Enertec Systems 2001, was awarded $3M in cumulative follow-on orders for computer-based test, diagnosis and simulation systems to support the newest version of advanced missile defense systems. These orders follow the initial $2.6M order announced on November 12, 2013. The purchase order is from a multi-billion Israeli-based defense contractor working in partnership with a major US contractor in the international marketing of a state of the art missile defense system. The $3M on orders will be executed and delivered in fiscal years 2014 and 2015. Also, this customer has indicated that additional follow-on production orders are expected to be issued in 2016 and beyond.
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November 10, 2014
08:47 EDTMICTMicronet Enertec awarded $1.1M in purchase orders
Micronet Enertec announced that its wholly owned subsidiary, Enertec Systems 2001 Ltd, was awarded two purchase orders from a global aerospace corporation, for an aggregate amount of more than $1.1M. One purchase order in the amount of $500,000 is for additional production units of the fire control computer for the newest version of an advanced missile defense system. The other purchase order, in the amount of $640,000, is for the development of a computer-based test and simulator system to ensure the combat readiness of a critical missile system. The company anticipates delivery of both orders during calendar year 2015 and expects to receive follow-on orders for both projects. The award is from a global aerospace corporation who is marketing the system in cooperation with a major US Aerospace contractor.

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