Enertec Systems to Deliver $20 Million Bespoke Systems to Major Defense Customer

Enertec Systems 2001 Ltd., a subsidiary of Giga-tronics, Inc. dba Gresham Worldwide, has been awarded a contract worth $20 million to supply customized systems to a major strategic defense customer. The contract, spanning a three-year period from 2024 to 2026, highlights Enertec’s expertise in providing purpose-built electronic technology solutions for defense and other mission-critical applications.

In the initial phase of the contract, Enertec has received a $5 million advance order for materials acquisition and a $1.5 million order for immediate system delivery. The company anticipates receiving additional orders for the remaining contract value before the end of 2023. This significant order is expected to have a positive impact on Enertec’s backlog, revenue, and profitability in the coming years.

To ensure successful execution of the contract, Enertec has launched an aggressive recruitment drive to hire top-tier engineers and technicians. The company’s CEO, Zvika Avni, expressed confidence in Enertec’s unique technologies, high-quality offerings, and long-standing customer relationships, expecting further large orders from the same customer over the next three years.

Enertec, with over 30 years of experience, has a proven track record of delivering sophisticated electronic solutions for defense, aerospace, and medical industries. The company’s ability to design and manufacture customized computer-based automated test equipment, calibration machines, simulators, and turnkey solutions has earned it a reputation as one of the largest and most respected defense contractors in Israel.

Gresham Worldwide’s CEO, Jonathan Read, sees this new order as a validation of their continued investment in Enertec’s business model and growth potential. He believes that Enertec is well-positioned to capitalize on the growing demand for electronic test, control, and operational systems, driving success for Gresham Worldwide and its investors in the years to come. Read also expressed the company’s commitment to supporting Israel during this time of national emergency.

Enertec’s dedication to innovation and its ability to deliver under demanding conditions and in harsh environments make it a trusted partner for Fortune 50 companies, militaries, and top-tier defense contractors worldwide.

For more information about Enertec Systems 2001 Ltd., a Gresham Worldwide Company, visit their website at www.greshamworldwide.com.