Dan's Biz Bookshelf: 'Revenge of the Tipping Point'
Marcy's Musings: Engineering Economics
Punching Out: Should You Sell Your Company to a Private Equity Firm?
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."
Share on:
Suggested Items
PI's New Expansion for Higher Electronics Manufacturing Capacities and Shorter Lead Times
11/20/2024 | PRNewswirePI, the market and technology leader for high-precision motion control, positioning technology, and piezo applications, has completed the construction of additional electronics production space at its Rosenheim, Germany site.
Real Time with... electronica 2024: Exciting News at Ventec
11/20/2024 | Real Time with... electronicaAn excited Mark Goodwin brings Pete Starkey up-to-date with Ventec's latest news. Spoiler alert: Ventec is to become the primary material supplier for a new PCB factory aiming for full production by 2025. The factory will specialize in four- to eight-layer technology for in-house products and EMS.
Spirit Announces Purchase Agreement with Tex Tech Industries for Intended Sale of FMI
11/19/2024 | Spirit AeroSystems, Inc.Spirit AeroSystems Holdings, Inc. announces a purchase agreement to sell Fiber Materials, Inc (FMI) business based in Biddeford, Maine, and Woonsocket, Rhode Island, to Tex-Tech Industries, Inc. for $165,000,000 in cash, subject to customary adjustment.
DuPont and Habitat for Humanity International Continue Global Partnership
11/18/2024 | PRNewswireHabitat for Humanity International and DuPont today announced they are renewing their annual global partnership. As part of the collaboration,
AIM to Highlight NC259FPA Ultrafine No Clean Solder Paste at SMTA Silicon Valley Expo & Tech Forum
11/14/2024 | AIMAIM Solder, a leading global manufacturer of solder assembly materials for the electronics industry, is pleased to announce its participation in the upcoming SMTA Silicon Valley Expo & Tech Forum taking place on December 5 at the Fremont Marriott Silicon Valley in Fremont, California.