Ceragon Networks Ltd. CEO Ira Palti
Israeli high-tech giant signs deal with US army
Ceragon Networks finalizes USD 7 million deal with US Air Force via General Dynamics
Israeli high-tech giant Ceragon Networks Ltd. announced on Wednesday that it has signed an agreement to provide wireless broadband technology to the US Air Force via General Dynamics, a leading defense industry contractor based in the United States.
The technology, Ceragons' FibeAir 1500P Advanced Encryption Standard modules, is designed to protect voice and data transmitted across wireless broadband networks. The information security modules will be integrated into communication systems already in use by the US military and government agencies.
Deliveries for the contract, valued at USD 7 million, will be completed during the second quarter of 2007.
“This contract is an important validation of Ceragons’ technology and leadership in secure wireless communication,” said Ira Palti, President and CEO of Ceragon, “Ceragon is ideally positioned to capitalize on the major opportunities presented by the growing defense market.”
Ceragon is traded on the NASDAQ and TASE at an average USD 120 million. The company is a leading provider of high capacity wireless backhaul solutions and operates 17 sales offices throughout the world, with more than 150 customers in 70 countries.
