Mer Group Secures Additional Defense Contracts Worth NIS 30 Million

Mer Group has signed a series of new defense-sector agreements valued at approximately NIS 30 million during April and May 2026, further strengthening its position in Israel's growing military technology market.

The company announced that the contracts were signed with several customers and primarily involve the supply of advanced military technologies and operational solutions for the Israeli defense sector. The new agreements are expected to contribute to the company's existing order backlog and expand its ongoing defense activities.

Under the contracts, Mer Group will provide a range of capabilities, including communications infrastructure, advanced communication systems, AI-enabled optical and video technologies for military applications, as well as mobile operational platforms and communication trailers. These solutions are designed to support modern military requirements, including enhanced situational awareness, connectivity, and operational mobility.

According to the company, profitability levels for the projects are expected to align with standard margins in the relevant business sectors. Project execution is anticipated to continue over a period of 12 to 18 months.

The latest contracts add to what the company describes as strong operational momentum since the beginning of the year. Last week, Mer Group reported first-quarter financial results that showed continued improvement in profitability, a significant increase in its order backlog, and a strengthened balance sheet.

The company said its backlog, including framework agreements, reached approximately NIS 946 million at the end of the first quarter. In addition, Mer Group reported a transition to a net cash position, with cash holdings exceeding financial debt.

Prior to the newly announced agreements, the company had already secured approximately NIS 241 million in orders since the start of 2026, most of which are expected to be delivered over the next 18 months.