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Sources inform "Globes" that Star Night Technologies Ltd. (TASE:STNT) subsidiary SDS has won a tender worth an estimated $30 million to supply night vision equipment to the Indian army.
The order will be supplied over a two-year period, and SDS is currently negotiating with authorities in India on a date for the start of deliveries. Star Night declined to comment on the report.
The contract is a significant one by any measure and, if signed, it will double SDS's activity. The company has not yet published its financial report for 2006 although it is expected to unveil pro-forma turnover of $12-15 million, similar to its yearly revenue from the contract with the Indian army.
http://www.india-defence.com/reports/2950
The order will be supplied over a two-year period, and SDS is currently negotiating with authorities in India on a date for the start of deliveries. Star Night declined to comment on the report.
The contract is a significant one by any measure and, if signed, it will double SDS's activity. The company has not yet published its financial report for 2006 although it is expected to unveil pro-forma turnover of $12-15 million, similar to its yearly revenue from the contract with the Indian army.
http://www.india-defence.com/reports/2950