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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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Global Sourcing Spotlight: The Surprising World of Offshore B2B Industrial Values
01/08/2025 | Bob Duke -- Column: Global Sourcing SpotlightWhen people want to buy industry products, they often look at a list of products: PCBs, PCBAs, injection molding, batteries, and transformers. However, if you bypass brick-and-mortar facilities, you can usually find better-value products if you search the globe. This is especially true with B2B products. With the right strategy and a keen eye for quality, companies can uncover opportunities to source essential industrial products from offshore suppliers at competitive prices. Here’s a list of some of those products and where to source them.