Australia's HighCom gains as it secures $7.1 million defence contract

Highcom

28/04/2026 06:06

** Shares of Australia's HighCom HCL.AX surge as much as 11.8% to A$0.190, their highest since April 7

** Defence firm says its unit received a new A$9.81 million ($7.05 million) Counter Small Uncrewed Aerial System (C-UAS) contract from the Australian Department of Defence

** Under the agreement, HighCom Technology, in partnership with MyDefence AS will supply C‑UAS products along with associated delivery and support services - HCL

** Around 983,000 shares change hands, nearly 5.4x 30-day average

** HCL down 33.9% YTD

($1 = 1.3922 Australian dollars)

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))