Rabintex unit wins order
The company's US subsidiary has won a follow-on order worth $15.3 million.
Michal Yoshai 21 Jun 07 13:01
Rabintex Industries Ltd. (TASE: RABN) said today that its US subsidiary, Burtek Inc, has received a follow-on order worth $15.3 million for its products to a US customer, most of which will be delivered through 2007. The order, which comes less than a month after a previous one worth $11.6 million, has increased the company's orders backlog for 2007, and will be reflected in its revenue for this year.
Rabintex currently has three lines of business: flexible ballistic protective products (bullet proof vests), hard ballistic protective products (helmets), and system protection.
Burtek is headquartered in Michigan and employs 250 people. The company specializes in the remodeling and modification of military vehicles for various military and safety applications.
Published by Globes [online], Israel business news - www.globes.co.il - on June 21, 2007
