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Article: Beit Shemesh Engines wins $22 million contract
- Article from:
- Jerusalem Post
- Article date:
- June 28, 2005
- Author:
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SHARON WROBEL
Jerusalem Post
06-28-2005
Headline: Beit Shemesh Engines wins $22 million contract
Byline: SHARON WROBEL
Edition; Daily
Section: Economics
Page: 17
Tuesday, June 28, 2005 -- Beit Shemesh Engines has won a $22 million long-term contract to supply jet engine parts to MTU Aero Energy of Germany, adding to a series of major deals between the two companies over the last year.
The order of turbine blades is a follow-on to a $50m. contract signed in December 2004 for the supply of spare parts for jet engines to MTU over seven years.
"Over the past few years, we have put much effort into our strategy to secure long-term framework agreements. To ensure financial stability we aim to avoid ...