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Ituran Location and Control Gets $7 Million Traffic Monitoring Contract in Israel

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Ituran Location and Control (ITRN) said Wednesday that it was awarded a contract valued at over 21 million new Israeli shekels ($7 million) to provide entities of the Israeli Ministry of Transport with a platform for monitoring live traffic behavior.

The contract spans up to four years and its first year is guaranteed at 5 million shekels, the company said.

Ituran's Big Data platform will analyze anonymized data from more than one million vehicles to provide insights into traffic and driver behavior for use in transport policy and future road investment, the company said.

Price: $52.58, Change: $+0.79, Percent Change: +1.53%

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