# Payton Industries signs $46M framework agreement for magnetic components

Payton Industries, through its subsidiary Payton Planar Magnetics, signed a framework agreement to supply magnetic components to a Tier 1 automotive supplier for hybrid/electric vehicles. The agreement is valued at approximately $46 million over 7 years from 2019 to 2025.

- Type: Contract
- Announced: 2018-08-28
- Value: $46.0M
- Status: announced
- Products: magnetic components, transformers
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Payton Industries](https://endata.com/companies/33990.md)
- [Payton Planar Magnetics](https://endata.com/companies/33991.md) (supplier)

## Sources

- [bizportal.co.il](https://www.bizportal.co.il/capitalmarket/news/article/752577), 2018-08-29: "הסכם מסגרת לאספקת רכיבים מגנטיים פרי פיתוחה לקבלן 1 TIER מתעשיית הרכבים ההיברידיים"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.