ALD reports an agreement with a Russian state-owned aircraft manufacturing company

ALD Stock Holdings

According to FUNDER website data,
5 mutual funds hold ALD shares worth NIS 952.2 thousand

Below are all the funds that hold the stock

The following is a change in the holdings of mutual funds in ALD shares according to FUNDER-MVF data

ALD, which is traded on the Tel Aviv Stock Exchange

, Reported that it has signed a preliminary agreement with a government aircraft manufacturing company in Russia under which the company and the customer will examine cooperation as part of a project to convert transport aircraft to passenger aircraft and obtain certification for aircraft in civil aviation authorities.

The agreement was signed through the subsidiary Euro-Titan, which also serves as an approved supplier to the customer.

Following the signing of the above agreement, the parties will work to formulate the required work framework and financial scope. The project is expected to include engineering services and software products of the company. The company estimates that the financial terms will be closed during the year.

ALD has signed a binding merger agreement with the parent security

Earlier this month, ELD announced that it had signed a binding agreement to merge operations with HUB Security worth $ 145.3 million after the money. According to the agreement between IDD, and the parent company Security and its shareholders, the parent will be merged into IDD and become a wholly owned subsidiary of the company. The transaction will be made at a total value after the merger of $ 145.3 million and the holding rate of HUB shareholders in the company after the allotment is expected to be approximately 51% without full dilution.

Accumulated significant deals since the beginning of the year

Since the beginning of the year, the company has reported a number of significant transactions. Among other things, the company announced an extension of the contract with the employment service for an estimated NIS 7 million in 2021, as well as significant transactions with the giant corporation Lockheed Martin, an agreement with the airline manufacturer Amber Air, a material agreement with a leading engineering company in Israel and more.

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