Micronet’s Enertec Gets Contracts

Micronet Enertec Technologies gained in premarket trading on Monday after the aerospace and defense company’s unit, Enertec Systems 2001, received two purchase orders for an aggregate amount of $1.2 million from an unidentified aerospace & defense contractor. Shares rose about 14%.

One purchase order, in the amount of $0.8 million, is for the development of a fully ruggedized, weather proofed military computer-based system for naval use. The other purchase order, from the same contractor, in the amount of $0.4 million, is for the development of a computer-based test and simulation system designed to ensure the combat readiness of a critical military system.

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