First tranche of Finnish Defence Force contract completed
Investors watching XTEK’s growth over the past couple of years will be pleased to hear today’s announcement signalling the Company has completed delivery of the first tranche of XTclave manufactured plates under the contract to CPE Production OY in Finland, for use by the Finnish Defence Force (FDF).
A multi-staged order
Importantly, this represents the delivery of one third of the total contact meaning there’s still more to come!
The initial commercial purchase order announced on 5 May 2020, and subsequent order upsize announced on 5 June 2020, worth ~A$2m in total.
XTEK is on track to complete the second and final tranche of the contract to the FDF by Q1 CY21, and in a strong position to secure further orders underpinned by the validation and endorsement of the FDF.
