The four-year contract is worth NIS 60 million and could double.
Ballistic and personal armor manufacturer Rabintex Industries Ltd. (TASE: RABN) has won a tender to supply helmets to the IDF. The four-year contract is worth NIS 60 million, with an option to expand the order up to NIS 120 million.
Rabintex rose 0.4% in morning trading to Nis 20.27, giving a market cap of NIS 238 million.
Published by Globes [online], Israel business news - www.globes-online.com - on April 13, 2008
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