The three-year contract is worth $15 million.
Hadas Detection and Decoding Systems Ltd. has signed a $15 million three-year contract with Brazil’s Petróleo Brasileiro SA - Petrobras (NYSE:PZE; Bovespa:PETR) for the supply of natural gas pipeline defense systems.
Petrobras executives are making a reciprocal visit to Israel this week for work meeting with Hadas Detection and Rafael Armament Development Authority Ltd. in order to complete preparations for executing the contract. Hadas Detection teams will go to Brazil in early September to install the systems.
Published by Globes [online], Israel business news - www.globes.co.il - on July 1, 2007
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