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Security & Defense: Magal Receives Israeli System Order

September 29, 2010 (FinancialWire) — Magal Security Systems, Ltd. (NASDAQ: MAGS) said that it has received a $2.3 million order for the support and maintenance of a major homeland security system in Israel. The two year contract is for services related to an existing large perimeter security system.

Eitan Livneh, President and CEO of Magal S3, said that the contract was achieved following another contract with an existing customer in Israel, to expand the security system of their site.

Israel-based Magal S3 is a provider of security, safety and site management solutions and products.

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