Ashot Ashkelon Industries Ltd. has received a NIS 146 million order from Israel's Ministry of Defense Procurement Administration for the manufacture and supply of 1,200 horsepower transmissions. The company's order backlog is worth NIS 1.662 billion, with expectations of increased activities and supply in the coming years. Ashot Ashkelon's share price has risen on the Tel Aviv Stock Exchange following the new order. The company, which was sold to FIMI in 2018, has 500 employees in Israel and the US and manufactures aerospace and defense components.