Arotech Corporation (NasdaqNM: ARTX) announced today that its Armor Division has received orders valued at more than $9 million for a new variant of the David vehicles and for armor for various aircraft. The $9 million in new orders are in addition to the previously reported backlog of $106.5 million.
The order for the David variant includes an option which, if exercised, would increase the order by a further $6 million.
"This is another major order for MDT," said Robert Ehrlich, Arotech's Chairman and CEO. "The David has proven itself both in battlefield operations and as a strong product line for the Armor Group."
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