Business / Industry Sectors
Reshef Technologies and an Indian company will supply detonators to the Indian army
09/02/2015
Reshef Technologies is a Subsidiary of Israeli Aryt technologies. The total value of the tender adds up to $ 50 million, and the part of Reshef Technologies in it is $ 5 million

Reshef Technologies, Subsidiary of Israeli Aryt technologies, won, along with an Indian company, a tender to supply detonators of 105 mm to the Indian army.

The next step under the terms of the tender is legal negotiations with the winner to the signing of an agreement to supply fuses.

The total value of the tender adds up to $ 50 million, and the part of Reshef Technologies in it is $ 5 million. Under the agreement with the Indian company, Reshef has an option to increase its share in return in about 10-13 million.

Aryt is engaged in developing, manufacturing and marketing detonators and military electronics and has a market cap of $ 37 million.

 

Source (Hebrew): Globes

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