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PCB | October 07, 2005

Eltek wins 3-Year contract

Israel based PCB Producer Eltek Ltd. wins a 3-Year, Multi-Million Dollar Strategic Agreement with the IAI.

Eltek Ltd. announced it has expanded its relationship with Israel Aircraft Industries, signing a three-year, multi-million US Dollar strategic agreement to provide IAI with its high end PCBs for use in highly complex, mission critical avionics equipment and applications. Eltek is one of two PCB suppliers that had been chosen. IAI has already begun to place orders for Eltek's specialty PCBs under the new agreement. The Company expects new agreement to generate revenues of approximately $4.5 million over a three year period.
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