NIBE Secures $1.2M Defence Order from Israeli Firm 🚀

Hey finance enthusiasts!

We’ve got some exciting news from NIBE Limited (Symbol: NIBE) that’s sure to catch your eye. The company has just announced a significant win, bagging a purchase order from none other than Elbit Systems Land Ltd, a prominent global defence technology company based in Israel. This is a big deal, showcasing NIBE’s growing footprint in the international defence manufacturing space!

The order is valued at a cool USD 1,200,000, which translates to approximately INR 10.52 crores. What’s NIBE supplying? They’ll be manufacturing and delivering ship-mounted universal rocket launcher mechanical kits and hydraulic kits. This specialized equipment highlights NIBE’s capabilities in precision engineering for critical defence applications.

This isn’t just any order; it’s an international one, further solidifying NIBE’s global reach. The company is set to complete the delivery of these crucial components by September 2026. This timeline gives us a clear picture of the project’s scope and NIBE’s commitment to timely execution.

For NIBE, securing such an order from a globally recognized defence giant like Elbit Systems Land Ltd is a testament to its expertise and quality. It’s a positive step that could open doors for more international collaborations and strengthen its position in the competitive defence sector. Keep an eye on NIBE as they continue to expand their horizons! ✨

source: Corporate Announcement

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