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Sderot-Based Company Secures $16.3 Million Artillery Fuze Deal
Arit Industries' subsidiary, Reshef Technologies, has secured a $16.3 million deal to supply artillery fuzes to a North American defense company. The order is expected to be fulfilled by the second quarter of 2027, pending export approval.
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What happened
- 01Reshef Technologies will supply $16.3 million worth of artillery fuzes to a North American client.
- 02The deal is for products to be delivered in the second quarter of 2027, pending export approval.
- 03Arit Industries' subsidiary, Reshef Technologies, also supplies fuzes to the Israeli military.
- 04The company plans to build a fuze manufacturing plant in Georgia, USA.
- 05Arit Industries' stock has declined this year despite a significant order backlog.
This follows a previous large order from Israel's Ministry of Defense and expands the company's international presence, including plans for a U.S. factory. Despite growth, Arit's stock has fallen this year due to revenue slowdowns.
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