US subsidiary Burtek will delivery 463 ambulances over the coming year.
Rabintex Industries Ltd. (TASE: RABN) US subsidiary Burtek Inc. has received a $14.7 million order for 463 ambulances from the US Army. Deliveries will be made this year.
Burtek won the $94 million US Army tender in March 2008. The company has already supplied 926 ambulances for a total of $26.8 million.
Rabintex's share price rose 23.5% in morning trading to NIS 0.715, giving a market cap of NIS 26 million.
Published by Globes [online], Israel business news - www.globes-online.com - on March 13, 2011
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