Australia's Adacel Technologies rises on contract extension with Leidos

Adacel Technologies

23/09/2021 02:17

** Aviation simulation developer Adacel Technologies Ltd
 ADA.AX  gains as much as 6.3% to A$1.275
    ** Co say its sub-ontract with Leidos  LDOS.N  for Federal
Aviation Administration's Advanced Technologies & Oceanic
Procedures (ATOP) programme got extended  urn:newsml:reuters.com:*:nASX9BJ3nj
    ** Under the contract, Adacel will continue to support the
oceanic automation software of the ATOP system, which operates
within the U.S.-controlled oceanic airspaces of the Atlantic and
Pacific
    ** Stock posts its biggest intraday percentage gain since
Aug 12
    ** Adacel stock up 22.5% this year, as of last close
       

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))