Micronet Enertec awarded 1.2M in aerospace, defense contracts

Micronet Enertec Technologies Inc. announced Thursday that its wholly-owned subsidiary, Enertec Systems 2001 Ltd., was awarded more than $1.2 million for aerospace and defense contracts.The contracts come in the form of three purchase orders. The first is a $250,000 continuous order for a mobile command and control center from a multinational aerospace and defense contractor. The second is for the development of a computer-based test and simulation system to ensure combat readiness of a critical missile system for $470,000. The third, valued at approximately $500,000, is to develop a diagnosis and simulation system for Unmanned Aerial Vehicles.

“We are proud that our customers are placing additional follow on orders for our sophisticated computer based systems, and especially proud to receive a continuous order for our mobile command and control centers, a breakthrough project for Enertec which is slowly becoming a key growth engine for Enertec’s future,” Zvi Avni, CEO of Enertec, said in a prepared statement.

“In view of the latest $38 billion approved budget by the Obama administration, we strongly anticipate an additional flow of new orders,” MICT CEO David Lucatz said in a prepared statement. “As previously indicated, we continue to see a growing demand from our current customers and from new customers for our state of the art, mission critical systems.”