Israeli high-tech company Ceragon Networks Ltd. announced that it has
signed an agreement to provide wireless broadband technology to the
US Air Force in cooperation with 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 $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 turnover of
$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.
IAI signed over $4b in contracts in 2006
For the first time in its history, Israel Aerospace Industries Ltd.
(IAI) has exceeded $4 billion in new contracts signed in a single
year. The company signed contracts worth an aggregate $4.09 billion
in 2006, 22% more than the $3.4 billion signed in 2005. IAI predicts
that the momentum in its contracts, as well as its profits, will
continue in 2007.
IAI will reportedly post a net profit of $110-150 million in 2006,
with the exact amount dependent on severance payments to early
retirees.
IAI's management disclosed that the company's exports rose strongly
in 2006, compared with the year before. The company signed $3.6
billion in export contracts, 88% of total contracts, compared with
$2.7 billion in exports contracts in 2005, 80% of total contracts for
that year.
The proportion of IAI's civilian business grew strongly in 2006 at
the expense of its military business. Civilian contracts totaled $1.8
billion, 45% of total contracts, 26% more than the $1.45 billion in
2005. Important contracts last year included a $300-400 million
contract with the Indian Defense Research and Development
Laboratories (DRDL) to develop an advanced version of the Barak Ship
Point Defense Missile System, the Barak 8. IAI also signed a $230
million unmanned aerial vehicle (UAV) deal with India and a $45
million UAV contract with Australia.
US company Nextwave buys Go-Networks
Go-Next has already raised $20 million, so this is not an exit of
which investors are very proud. Investors in the company included
Pitango Venture Capital, Accel Partners, Apax Partners and Benhamou
Global Ventures the venture capital fund of Go-Networks' current
chairman Eric Benhamou, formerly chairman of 3Com Corporation
(Nasdaq: COMS) and Palm (Nasdaq:PALM)
The company developed mobile wireless solutions for broadband data
transfer enabling 3G applications including voice, data and video.
The company utilizes the WiFi and WiMax wireless communications
standards. The company has not made any sales at the time of its
acquisition.
Nextwave was founded in 2005 and registered for trading on the Nasdaq
in mid-January. The company develops a number of products for
wireless communications providers in the field of broadband,
multimedia and services for mobile devices.
US technology company Nextwave Wireless inc. (Nasdaq:WAVEV) announced
the signature of an acquisition agreement with Israeli technology
company Go-Networks. Under the agreement Nextwave would pay $13.3
million in cash at signature, and another $25.7 million in shares
would be paid in 18 months upon completion of milestones. Nextwave
will cover the debts of the Israeli company valued at $7.46 million.
The total value of the deal is $46.46 million.