Australia's Adacel Technologies rises on $4.5 mln contract

Adacel Technologies

19/11/2021 02:48

** Shares of Australia's Adacel Technologies Ltd  ADA.AX 
rise as much as 7.4% to A$1.30 after co signs new five-year
support contract for $4.5 million
    ** Co, which is engaged in providing software for the
aerospace sector, says it signed a five-year support contract
with NAV Portugal, which is the air navigation service provider
in Portugal's airspace  urn:newsml:reuters.com:*:nASX1RRNt2 
    ** Contract for onsite and remote support of NAV Portugal's
air traffic management system over five years for about $4.5
million 
    ** ADA up 23.5% so far this year, as of Thursday's close 
    

 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))