Magal Security Systems announced it has received a US$2.3 million order for the support and maintenance of a major homeland system in Israel. The two-year contract is for services related to an existing large perimeter security system.
"Magal's client relationships and continued commitment to customer satisfaction enables us to sign long-term contracts and gain ongoing business with our customer base. This contract was achieved following another contract with an existing customer in Israel to expand the security system of their site. Follow-up contacts like these allow us to plan forward and optimize our operations which result is a positive impact on our financial results," said Eitan Livneh, President and CEO of Magal Security Systems.