RSL, which is engaged in the development, production and marketing of control systems for the civil and military aviation market, reports the signing of a contract for the development and supply of systems for locating and collecting data from a customer in the Gulf countries in the amount of 650 thousand dollars. This contract joins another contract signed in April, in the amount of about 1.65 million dollars, and is in accordance with the letter of intent received from the client in the amount of about 2.3 million dollars.
The company estimates that the development and delivery of the server control systems in accordance with the milestones will be spread over about 12 months, with milestones worth about $0.4 million expected to be completed during 2022, and the rest in 2023.
In the field of server systems, RSL develops and manufactures systems that perform real-time control and monitoring during the flight of jet engines and server systems in aircraft. The control systems are computer embedded systems. The computer performs the control functions of the engines and server systems. In addition, the hardware of the systems is electronic, compact and advanced, capable of withstanding harsh environmental conditions.
This order joins a number of other orders received by the company during the past year totaling approximately $12 million, including an order for the supply of ground support equipment for F-16 aircraft in the United States in the amount of approximately $2.5 million, an order from a customer in Asia for the supply of muzzle velocity measuring systems for cannons and spare parts in the amount of about 1 million dollars, an order from a customer in Asia for health monitoring systems for helicopters in the amount of about 0.7 million dollars and an order from the American Air Force for control systems for training planes in the amount of about 5.6 million dollars.