Arotech Corporation (NASDAQ: ARTX), a provider of quality defense and security products for the military, law enforcement and security markets, announced today that its Battery and Power Systems Division received initial orders of $1.3 million for tactical military communications batteries from an overseas defense department.
"This $1.3 million is the first part of an entirely new larger order that we expect to total $3.8 million," said Robert S. Ehrlich, Arotech's Chairman and Chief Executive Officer. "We will announce receipt of the remainder of the order when it is issued," noted Ehrlich.
Source: Arotech Corporation
Date: Nov 16, 2012