Micronet Enertec Technologies gets contract for missile defense testing system

7 January 2014

Micronet Enertec Technologies Inc (NASDAQ: MICT) said its subsidiary, Enertec Systems 2001 Ltd, was awarded a USD2m project for the development and supply of a generic computer-based test, diagnosis and simulation system designated to support a vast range of advanced missile defense systems.

The project was received from a leading multi-billion dollar Israeli-based Aerospace and Defense integrator partnering with a major U.S contractor for the development and global marketing of the state-of-the-art missile defense system. The customer has indicated that follow-on production orders are expected in 2015 currently estimated at a value of USD4m.

MICT operates through two companies, Enertec Systems 2001 Ltd, its wholly-owned subsidiary, and Micronet Ltd, in which it has a controlling interest. Micronet operates in the growing commercial mobile resource management market, mainly in the United States. Enertec operates in the defense and aerospace markets and designs, develops, manufactures and supplies various customized military computer-based systems for missile defense systems, command and control and others. For more information visit: www.micronet-enertec.com

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