Deals24 May 2025, 02:11 pm
NIBE Ltd Receives USD 17.5 Million Purchase Order for Manufacturing Universal Rocket Launcher
AI Summary
NIBE Ltd, a leading global OEM Israel based defence technology company, has received a purchase order for a total consideration of USD 17,520,000 i.e. approx. INR 150.62 Crore. The order is for manufacturing and supply of Universal Rocket Launcher ranging up to 300km. The order is to be executed on or before November 2027.
Key Highlights
- NIBE Ltd receives a purchase order worth USD 17.52 Million from a leading global OEM Israel based defence technology company.
- The order is for manufacturing and supply of Universal Rocket Launcher ranging up to 300km.
- The order is to be executed on or before November 2027.
- This is a significant development for NIBE Ltd in the defence technology sector.
- The deal is expected to strengthen NIBE Ltd's position in the global market.