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MAGS - Magal Security Gets $5M Israel Contract
Monday September 18, 7:27 am ET
Magal Security Gets $5.5 Million Contract to Build Protective System on Israel's North Border


NEW YORK (AP) -- Magal Security Systems Ltd., an Israeli maker of computerized security systems, said Monday it received a $5.5 million contract from the Israeli Ministry of Defense to build a perimeter intrusion detection system across the northern border of Israel.
The system will begin being implemented this year and will be complete by the end of the first quarter 2007.

Magal creates products used to protect borders, airports, prisons, nuclear power stations and other sensitive areas in more than 70 countries. It has subsidiaries in the U.S., Canada, U.K., Germany, Romania, Mexico and an office in China and had 2005 sales of $61.3 million.