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Magal Security Systems (MAGS) Message Board

  • bengrahamvalueinvestor bengrahamvalueinvestor Oct 22, 2007 12:06 AM Flag

    Magal may have an inside shot at a monopoly in guarding US water supplies.

    "American supporters of Israel were delighted to learn that an Israeli company, Magal Security Systems-owned in part by the government of Israel-is in charge of security for the most sensitive nuclear power and weapons storage facilities in the United States.

    The largest perimeter security company in the world, Magal started out as a division of Israeli Aircraft Industries (IAI)-which was owned in part by the government of Israel. In recent years, however, Magal evolved into a publicly-traded company, although IAI (and thus the government of Israel) still holds a substantial share in the highly successful firm.

    What all of this means is that the government of Israel will actually have control over the security of America's nuclear weapons.

    S..................................................................
    However, Magal's American outreach is expected to increase substantially, especially now that firm has set up a Washington, D.C. office which will promote its products to federal agencies and to the members of Congress who provide funding for federally-supervised security projects across the country at all levels: local, state and national.

    And with current U.S. Homeland Security Chief, Michael Chertoff, not only a strong supporter of Israel but also the son of a woman who has strong Israeli ties-even including service with El Al, the national airline of Israel-Magal, owned in party by Israeli Aircraft Industries-will be a clear-cut favorite in the eyes of the power brokers in official Washington who have the power to grant lucrative security contracts.

    At the moment, Magal has four U.S.-based subsidiaries: two in California, Stellar Security Products, Inc. and Perimeter Products Inc., as well as the New York-based Smart Interactive Systems, Inc., and the Virginia-based Dominion Wireless, Inc.

    All told, the Israeli company holds a 40% share in the worldwide market in perimeter intrusion detection systems and is working to expand its business in the protection of oil pipelines.

    Magal is also said to be quite interested in guarding water lines around the globe, particularly in the United States. In fact, Magal may have an inside shot at getting a monopoly in guarding America's water supplies.

    On July 19, the Bush administration's Environmental Protection Agency announced a "partnership" with the Israeli Ministry of National Infrastructures to improve what they called "water supply system security in the United States and Israel." Since Magal is so highly respected in Israel, it's an even bet that Magal will soon be guarding the U.S. water supply. "

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MAGS
3.74-0.01(-0.29%)Jul 24 3:59 PMEDT

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