BATM Advanced Communications Ltd (LON:BVC; TASE:BVC) said it landed a US$10mln order from an unnamed but long-standing government defence customer which is taking an advanced cybersecurity solution.
Delivery will begin immediately and is slated for completion in 2023.
The client will receive both hardware and software capable of handling large volume high-speed network traffic combined with elements of virtualisation protection developed under the group’s Network Function Virtualisation (NFV) offering.
The contract was awarded after “rigorous and lengthy trials” and also follows the recent receipt of a US$4.1m order for another of the group’s cyber solutions.
Chief executive, Dr Zvi Marom, said: “This demonstrates the strength of our cyber portfolio and the satisfaction of a customer with exacting standards.
“It is also reflective of the increasing return to normality and investment in IT infrastructure after the impacts of the pandemic.”
Marom said BATM is in the process of integrating its cyber solutions into its NFV product and developing a version aimed “beyond the defence industry” that will expand the firm’s addressable market.
“As a result, and combined with the increasing traction we are receiving in our existing market, we are excited about the future for our cyber activities and expect to receive more orders in the course of the year,” the BATM CEO added.