Australia's Elsight hits nearly 5-month high on European defence deal
09/04/2025 02:02
** Shares of Elsight ELS.AX rise 17.1% to A$0.41 ** Stock rose as much as 25.7% to A$0.44, its highest level since November 15 ** The communication tech developer signs $4.28 million supply agreement with its Europe-based defence OEM customer ** Under agreement co to supply systems (Halo), a connectivity solution for autonomous systems, between April-July 2025 period ** About 349,460 shares change hands by 0051 GMT, 7.1 times the 30-day average volume of shares ** Stock down 5.4% this year, as of last close (Reporting by Sherin Sunny in Bengaluru) ((Sherin.Sunny@thomsonreuters.com;))
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