Shares up in firm keen to build Trump wall

The Star Early Edition - - WORLD -

AN IS­RAELI se­cu­rity com­pany is mak­ing a push to help build Don­ald Trump’s Mex­ico border wall, af­ter the US pres­i­dent praised Is­rael’s suc­cess in boost­ing se­cu­rity by fenc­ing off its fron­tiers.

Shares of Ye­hud, Is­rael-based Ma­gal Se­cu­rity Sys­tems Ltd jumped 5.6per­cent on Fri­day, the day af­ter Trump told Fox News a se­cu­rity bar­rier could al­most com­pletely stop border breaches. The com­pany’s shares have risen nearly 50% since Trump’s elec­tion.

Ex­ec­u­tives from Ma­gal’s US-based Sen­star unit will be show­ing off its FiberPa­trol prod­uct at a border se­cu­rity sum­mit in Alexan­dria, Vir­ginia, where of­fi­cials from the US De­part­ment of Home­land Se­cu­rity and other agen­cies will be present, ac­cord­ing to Ma­gal chief ex­ec­u­tive of­fi­cer Saar Koursh. The sys­tem, which em­beds fi­bre-op­tic sen­sors in long stretches of fences and walls, is al­ready used for perime­ter se­cu­rity at air­ports and sea­ports around the world, he said.

“We have the right prod­uct and we have the ex­pe­ri­ence in Is­rael that helps in show­cas­ing our prod­uct,” Koursh said.

Ma­gal was a ma­jor con­trac­tor on Is­rael’s West Bank bar­rier, a stretch of sen­sor-laden fences and con­crete walls that was be­gun in 2002 to counter a wave of Pales­tinian sui­cide-bomb­ings. The com­pany has also helped build a fence along Is­rael’s border with Egypt, which Prime Min­is­ter Ben­jamin Ne­tanyahu pre­sented on Satur­day as an ex­am­ple for Trump’s Mex­ico wall.

Wash­ing­ton Post –

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