Australia's KTEK Aerosystems climbs to one-week high as supply chain constraints ease
29/05/2026 02:18
BUZZ-Australia's KTEK Aerosystems climbs to one-week high as supply chain constraints ease ** Shares of KTEK Aerosystems KTK.AX rise as much as 12.7% to A$0.355, their highest level since May 21
** The mechanical engineering company says supply chain and logistics constraints arising from the Middle East conflict have eased, production and delivery activity resumed
** Intends to ramp up of production targeting 150 units per month within ~5 months
** Adds initial shipment of advanced composite airframe components sent to an existing major drone platform OEM customer, equating to ~A$500,000 in revenue
(Reporting by Anjali Singh in Bengaluru)
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