Xtek Ltd - XTEK receives purchase order for SUAS spare parts
Xtek Ltd (ASX:XTE)

XTEK receives purchase order for SUAS spare parts


What's happened?

XTEK Limited (ASX:XTE "XTEK") have received a purchase order from the Australian Defence Force (ADF) for Small Unmanned Aerial System (SUAS) spare parts.

What are the key highlights?

  1. The contract is worth A$3.2m and represents the XTEK’s strong and continued relationship with the ADF.
  2. This order follows on from the exclusive long-term support contract with the ADF, which was secured by XTEK in September 2019.
  3. XTEK continues to focus on SUAS supply and maintenance, and is well placed to capture future SUAS revenue with its position as the key, full-service SUAS provider in Australia.
  4. Under the previously secured supply contracts to the ADF, over fifty AeroVironment WASP AE SUAS have been delivered, with more systems scheduled to be delivered in 2020. Further sales of AeroVironment SUAS are possible as the ADF finds innovative applications to employ SUAS in the field.

Download Announcement

View this announcement as well as our full profile on the company.

How do I invest?

Considering investing in Xtek Ltd?
Here's how to get started.
Low Cost Brokerage ASX Cheapest ASX Trading Platform
  1. 1

    Create account

    Open an account with an online broker of your choice. If you do not have an existing broker, consider Mawson Graham's A$9.50 flat fee platform.

    Sign up now »
  2. 2

    Search for ASX:XTE

    On your online investment platform search for the stock ticker code ASX:XTE to bring up the company's shares.

  3. 3

    Buy shares

    Place your order however you wish. If you need advice on buying or selling, you should seek the assistance of a full service financial adviser experienced in small cap equities.