XTEK rises on purchase orders from Australia's Department of Defence

Highcom

06/06/2022 05:36

** Shares of defence products maker XTEK Ltd  XTE.AX  rise
as much as 4.8% to A$0.440, highest since May 27
    ** Co receives new purchase orders totalling A$8.1 mln
($5.83 mln) from Australia's Department of Defence for Small
Unmanned Aerial Systems (SUAS) spare parts  urn:newsml:reuters.com:*:nASX84FfCR
    ** Says the department also signed a two-year extension
option for existing SUAS support contract with co
    ** Volumes 2.3 times the 30-day average of 423,798 shares
    ** As of last close, stock up 86.7% this year

($1 = 1.3900 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))