Join our daily newsletter At The Bell to receive exclusive market insights
- Defence specialist XTEK (XTE) receives $2.35 million worth of purchase orders from undisclosed international customers
- Three of the orders are for the supply of specialist ballistic armour products valued at $2.15 million
- The three orders take the total value of orders XTEK has received over the last 30 days for its Ballistics division to more than $8.1 million
- The final order totalled $200,000 and was for specialist hardware and software technology products
- XTEK ends the day 13.5 per cent in the green with shares trading at 29.5 cents
Defence specialist XTEK (XTE) has received $2.35 million in purchase orders from undisclosed international customers.
Three of the orders are for the supply of specialist ballistic armour products valued at $2.15 million.
These three orders take the total value of orders XTEK has received over the last 30 days for its Ballistics division to more than $8.1 million.
The final order totalled $200,000 and was for specialist hardware and software technology products.
This follows the $2.75 million order from the Australian Department of Defence for its “Wasp” Small Unmannered Aerial Systems (SAUS) systems.
“These new orders, totalling $2.35 million, which come quickly on the back of almost $11 million in other orders we received across the group during March, continue to show the high demand we are experiencing for our advanced ballistic armour products, as well as for the high-end hardware and software technology solutions that we provide to law enforcement agencies and military organisations,” CEO Scott Basham said.
“The high-performance ballistics products will be priority shipped to these international customers to meet their urgent operational needs, while the specialist software and hardware products, which have a longer production lead time, will be delivered to a separate client in Q4 FY22.”
XTEK has ended the day 13.5 per cent in the green with shares trading at 29.5 cents.
