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Ituran Location and Control Ltd. announced on September 9, 2026, that it was awarded its first multi-year contract for…
ITRNIturan Location & Control Ltd.
Ituran Location and Control Ltd. announced on September 9, 2026, that it was awarded its first multi-year contract for a Big Data traffic-monitoring platform. The agreement with entities under the Israeli Ministry of Transport involves providing a Software-as-a-Service solution to monitor live traffic behavior across Israel's main roads using anonymized data from over one million vehicles. The contract spans up to four years and is valued at over NIS 21 million (approximately US$7 million), with the first year guaranteed at NIS 5 million (approximately $1.7 million). This marks a significant expansion into recurring revenue streams leveraging aggregated insights for public sector policy guidance. Ituran operates in the mobility technology industry, providing vehicle telematics and OEM connectivity solutions.