According to FUNDER website data,
Six mutual funds hold NIS 529.6 thousand in ALD shares
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, has reportedly received an order from the American corporation Lockheed Martin to supply Safety Commander software aimed at assisting and maintaining the safety level of critical aviation systems.
Lockheed Martin is an American multinational corporation, one of the world leaders in aviation, security, and technology, providing advanced products and services to thousands of civilian and intelligence agencies, government and security entities, and commercial corporations in the United States and around the world.
This initial invitation comes as part of the company’s plan to expand its activities with Lockheed Martin to additional areas of activity such as advanced cyber systems for the protection of sensitive security and commercial information.
The system was provided by IDD Software, a subsidiary of IDD. The total consideration for the supply of the software is approximately $ 70,000, which the company will recognize in the revenues in 2020.
According to Dotan Moshe, Deputy CEO of ALD, he told FUNDER: “This is an expression of trust on the part of a global corporation the size of Lockheed Martin and a ‘foot in the door’ for us for potential projects of significant magnitude in cyber and credibility management for critical systems. We work aggressively to expand our company global operations More opportunities in the future soon. ”
.
ALD has announced that it is considering a merger of a cyber company subject to an investment of $ 50 million
About a week ago, the company announced that it was conducting preliminary negotiations, in which the possibility of merging the activities of a company in the cyber field, which was established by veterans of elite technology units in the IDF, with an innovative solution for encrypted computing, was examined.
The merger will be made in exchange for the allotment of controlling shares in the company to the controlling shareholders in the cyber company. The company stated that one of the conditions for the possibility of merging the activity is an investment of approximately $ 50 million in the merged company, of which an amount of 20% of the financing round has already been promised, as part of a non-refundable letter of commitment from investors.