This news is classified in: Defense Contracts Homeland Security
Jan 5, 2016
Magal Security Systems, Ltd. (NASDAQ GM: MAGS) today announced that it has received several orders in Israel for homeland security (HLS) infrastructure. The aggregate expected revenue from these orders are approximately US$8.4 million, of which one particularly large order makes up over half of this amount. The orders are from a number of existing customers for expansions, maintenance and support.
Saar Koursh, CEO of Magal S3, commented, "These orders are a strong sign of confidence by our customers in our execution abilities and the added value we are providing. These orders, as well as some additional others recently received, demonstrate a good start to 2016, enabling us start the year with a strong backlog."
By Component (Software and Services), By Technology (Pattern Recognition Network, Machine Learning, Natural Language Processing and Others), By Verticals (IT & ITES, Healthcare & Social Assistance, Telecommunications, Retail & eCommerce, BFSI and Others), By Region, and By Competition, 2019-2029F
Download free sample pages
