IMCO Group is thrilled to announce that US subsidiary ADTI has received a substantial $9.5 million order from a US defense company.
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Press Release, Caesarea, 24 June 2024: IMCO Group, a leading provider of advanced defence solutions, is thrilled to announce that its US subsidiary, Advanced Defense Technologies Inc. (ADTI), has received a substantial order from a US defence company. The order, valued at $9.5 million (approximately 35 million NIS), is for the production and supply of power management and harnessing subsystems. The systems will be delivered over the next 18 months.
This order is a follow-on order from a significant and strategic customer of IMCO Group, showcasing the confidence that major global defence companies have in IMCO Group’s expertise and capabilities. IMCO Group’s Defense Division, and ADTI as the Division’s business and manufacturing arm in the US, is continuously developing its manufacturing and quality standards to meet and exceed the high standards of its customers, which include leading defence integrators and armoured vehicle manufacturers.
Headquartered in Baltimore MD, ADTI continues to strengthen its presence in the American defence market as a trusted sub-contractor to the US leading defence integrators, alongside its establishment as a key supplier to the Israeli government through US Foreign Military Financing (FMF) funds. The recent order from a US-based multinational defence company further solidifies ADTI’s reputation for providing top-tier, reliable defence solutions.
IMCO Group is a key supplier and a long-term partner of the Israeli Ministry of Defense’s Merkava and APC Directorate (MANTAK), playing a vital role in the development, supply, and support of advanced armoured fighting vehicles such as the Namer and Eitan APCs and the Merkava MBT.
“We are deeply honoured by the trust and confidence shown by our esteemed customer,” said Ariel Kandel, CEO of IMCO Group. “This significant order reaffirms the global presence of the group to provide our cutting-edge solutions to worldwide defence customers. The growth of ADTI is a key part of IMCO Group’s strategy to expand our group services, products, and manufacturing capabilities around the world with a special focus on the US market.”
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