Bet Shemesh Engines Ltd. reported that it had signed an agreement to develop and manufacture a new product for advanced engines in the civilian market for MTU Aero Engines. The new agreement is the third extension of a long-term framework agreement between the two companies from 2017. The new agreement is projected to add $53 million to the framework agreement, which will now amount to $130 million annually in 2018-2030. The projected orders indicate Bet Shemesh Engines' growth potential in the coming years. Bet Shemesh Engines works with aircraft engines in two different sectors. The first is the manufacturing of parts for jet engines, including precise casting of metal parts. The parts involved are the most complex in aircraft engines, which very few companies in the world are now able to produce. The second is the engines sector, which includes renovating, assembling, and designing various parts for jet and other engines. The company sells to both the civilian and military markets, but most of its sales now are to the civilian market.