Australia's XTEK surges on deal with India's Tata Advanced Systems

Highcom

17/04/2023 04:23

** Shares of XTEK Ltd  XTE.AX  climb as much as 3.4% to
A$0.530, hitting their highest level since March 13
    ** Co says its unit has signed a collaboration agreement
with India's Tata Advanced Systems, a division of Tata Group
    ** Says agreement to collaborate on the supply of co's Level
III Rifle Combat Helmets for the Indian Defence market
    ** Shares on track for a second consecutive session of gains
    ** Stock down 15.9% YTD, as of last close

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))