Electra subsidiary Electra Construction will build the 38,000 square meter base.
Electra Ltd. (TASE: ELTR) announced today that it had won a Ministry of Defense tender for constructing a training base for the IDF for an estimated NIS 330 million.
Electra subsidiary Electra Construction will build the 38,000 square meter base, with the work expected to begin in July-August 2017.
Electra CEO Itamar Deutscher said, "We thank the Ministry of Defense for its confidence in Electra. This important project enables us to make a contribution with the group's experience, capabilities and proven professionalism in all the required fields and at the highest standards of quality and execution. This project represents a further stage in implementing the company's growth strategy, and a further expression of its strength and its position as one of the leading contracting groups in Israel, with a work backlog exceeding NIS 10 billion."
Published by Globes [online], Israel business news - www.globes-online.com - on June 11, 2017
© Copyright of Globes Publisher Itonut (1983) Ltd. 2017
Itamar Deutscher Photo: PR