Armored and rescue vehicle company Hatehof Ltd. (TASE:THF) reported today that it received final approval for several recently announced deals.
The value of the deals is NIS 320 million.
Hatehof will supply the special vehicles this year and in 2010. The deals include an option to increase the orders by 80%, in which case additional deliveries will be in 2011 and 2012.
The company was founded in 1947. Hatehof manufactures armored vehicles, rescue vehicles, aircraft refuelers, firefighting trucks, NBC decontamination containers, special purpose trailers and heavy metal projects for both military and other security force deployment and for civilian use.
Shares in Hatehof jumped over 8% in morning trading, and are up over 165% so far in 2009.
Published by Globes [online], Israel business news - www.globes-online.com - on June 16, 2009
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