Magal Security Systems' (NASDAQ: MAGS) recently obtained a
contract to protect the Otopeni International Airport in Bucharest,
Rumania. The contract is valued at $16 million and is scheduled
for completion by the end of 2004.
Hostile penetration into sensitive areas is now a topic that is more
relevant today than it has ever been before. A major concern is
security at international airports. Particularly, in the aftermath of
the
September-11 terror attacks in the United States, the matter has
come to the fore and is now compounded in the wake of war with
Iraq and the general increase in global terror.
Magal's corporate goal is to identify non-lawful entries into the
areas that is intended to be secured. Magal's experience in the
field of security originates in Israel, where it has developed a
variety of systems that protect against terrorist infiltrations.
Previous airport security contracts include the security fence at Ben
Gurion Airport Tel-Aviv, considered one of the most secure airports
in the world. Magal has also implemented a similar project at
Chicago's O'Hara Airport.
SimultaneousIy, Magal is fulfilling an order from the Government
of Israel to erect a security fence to separate Israel from
Palestinian territories. The company's products are in use in 70
countries to protect borders, airports, prisons, army bases and
other terreor sensitive sites.
Magal's management is experienced in security issues. Its team
includes Yaa'cov Perry, former head of the Shabak, Israel's
equivalent of the American Federal Bureau of Investigation,
Yizchak Hofi, former head of the Mossad General Shlomo Yani,
former head of the operations branch of the Israeli Army.