Eltek Receives Purchase Orders Totaling $2.4 Million
Rhea-AI Summary
Eltek Ltd. (NASDAQ: ELTK), a printed circuit boards solutions manufacturer, has secured new orders worth $2.4 million from a leading Israeli defense company. The orders are for critical PCB components that will be integrated into the customer's defense systems.
The delivery schedule spans primarily across 2026 and 2027. CEO Eli Yaffe highlighted that these products have been previously supplied to the same customer and require advanced technological capabilities.
Positive
- Secured new orders worth $2.4 million from defense sector customer
- Long-term delivery schedule through 2026-2027 provides revenue visibility
- Repeat business from established defense customer validates product quality
Negative
- Extended delivery timeline suggests delayed revenue recognition
- High customer concentration risk with single defense sector client
News Market Reaction
On the day this news was published, ELTK gained 2.08%, reflecting a moderate positive market reaction. This price movement added approximately $1M to the company's valuation, bringing the market cap to $68M at that time. Trading volume was above average at 2.0x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
PETACH TIKVA,
"The customer is a leading Israeli defense company, recognized as one of the foremost companies in the country's defense sector. The order relates to products that have previously been supplied to this customer. The PCBs being delivered are critical components in the customer's systems, requiring advanced technological capabilities," commented Eli Yaffe, CEO of Eltek.
About Eltek
Eltek – "Innovation Across the Board," is a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs) and is an Israeli leading company in this industry. PCBs are the core circuitry of most electronic devices. Eltek specializes in the manufacture and supply of complex and high-quality PCBs, HDI, multilayered and flex-rigid boards for the high-end market. Eltek is ITAR compliant and has AS-9100 and NADCAP electronics certifications. Its customers include leading companies in the defense, aerospace and medical industries in
Eltek was founded in 1970. The Company's headquarters, R&D, production and marketing center are located in
For more information, visit Eltek's web site at www.nisteceltek.com.
Forward Looking Statement
Some of the statements included in this press release may be forward-looking statements that involve a number of risks and uncertainties including, but not limited to expected results in future quarters, the impact of
Investor Contact
Ron Freund
Chief Financial Officer
Investor-Contact@nisteceltek.com
+972-3-939-5023
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SOURCE Eltek Ltd.
FAQ
What is the value of new orders received by Eltek (NASDAQ:ELTK) in August 2025?
When will Eltek (NASDAQ:ELTK) deliver the $2.4M defense orders?
What type of products will Eltek (NASDAQ:ELTK) supply in the $2.4M defense orders?
Who is the customer for Eltek's (NASDAQ:ELTK) $2.4M orders?
