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Eltek Receives $1.4 Million Letter of Intent for a Purchase Order from an Existing Defense Customer
February 8, 2022 | PRNewswireEstimated reading time: Less than a minute
Eltek Ltd., a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced that the company has received a letter of intent for a purchase order in the amount of $1.4 million from an existing customer in the defense sector. The order, once released, will be supplied by Eltek over a period of fourteen months commencing April 2022. The customer has an option to increase the purchase order to a total amount of $2.1 million.
"We are proud that Eltek has once again been selected by this customer as the supplier of choice for its advanced and sophisticated products," commented Eli Yaffe, CEO of Eltek. "This repeat order represents the customer's recognition of our high technological capabilities and the reliability of our products. We aim to expand the receipt of medium term delivery orders which stabilize our income and increase our operational production efficiency."
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