Australia's Adacel Technologies eyes best day in 3 weeks on $1 mln deal

Adacel Technologies

13/10/2021 05:02

** Shares of aviation simulation developer  ADA.AX  rises as
much as 2.4% to A$1.280, eyeing their best day since Sept. 27
    ** Co announces new contract with Norwegian government-owned
airport operator Avinor Group to upgrade its air traffic
management systems  urn:newsml:reuters.com:*:nGLF7sRmlY
    ** Contract is valued at about $1 mln and would be completed
in FY2023 - ADA
    ** Co previously signed deal with Seychelles Civil Aviation
Authority to modernise its air traffic systems  urn:newsml:reuters.com:*:nL3N2O50LE
    ** ADA up 27.6% YTD, as of last close

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com))