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PETACH TIKVA, Israel - Eltek Ltd. (NASDAQ:ELTK), a manufacturer of printed circuit boards with a market capitalization of $67.8 million, announced Monday it has received orders totaling $2.4 million from a leading Israeli defense company. The products are scheduled for delivery primarily throughout 2026 and 2027. According to InvestingPro data, the company has maintained healthy revenue growth of 6.75% over the last twelve months.
The orders are for printed circuit boards that Eltek has previously supplied to this customer. According to the company’s statement, these PCBs serve as critical components in the customer’s systems and require advanced technological capabilities.
"The customer is a leading Israeli defense company, recognized as one of the foremost companies in the country’s defense sector," said Eli Yaffe, CEO of Eltek, in the press release.
Eltek specializes in the manufacture of complex and high-quality PCBs, including high-density interconnect (HDI), multilayered and flex-rigid boards for high-end markets. The company serves customers in the defense, aerospace, and medical industries across Israel, the United States, Europe, and Asia.
Founded in 1970, Eltek is based in Israel with a subsidiary in North America and distribution networks in Europe, India, South Africa, and South America. The company holds ITAR compliance certification as well as AS-9100 and NADCAP electronics certifications.
In other recent news, Eltek Ltd. reported its Q2 2025 earnings, revealing a significant 20% year-over-year revenue increase, reaching $12.5 million. The company’s earnings per share (EPS) stood at $0.05. Despite this positive financial performance, the market reaction was mixed, with some investor concerns emerging. The strong revenue growth was driven by gains in the defense and medical sectors. No additional information on analyst upgrades or downgrades was provided. These developments highlight the latest financial and market dynamics surrounding Eltek Ltd.
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