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Rabintex to supply ballistic helmets to US army
Manufacturer of defense equipment and military textile receives order worth USD 1.9-million from US, as part of project estimated at USD 250-million divided between four companies
Rabintex, a company that manufactures military defense equipment and textile owned by the Rabinowitz family, announced that it received the authorization of an order from the United States army to produce and supply material worth USD 1.9-million.
The company will supply the US army with an advanced model of ballistic helmets. The company announced that it sees this as a confirmation of its participation in a project worth approximately USD 250-million that will be divided among up to four suppliers over a number of years.
It is estimated that Rabintex's share will amount to a total of tens of millions of dollars over five years.
As a result, Rabintex shares went up 8 percent in the energetic trade cycle in the Tel Aviv Stock Exchange. The company's shares are traded at a value of NIS 185-million.
Rabintex develops, manufactures and sells defense equipment, especially soft and hard ballistic defense equipment: Bullet-proof vests, plates and helmets.
