Australia's KTEK Aerosystems hits over one-month high on Israeli defence contract
21/09/2026 05:22
BUZZ-Australia's KTEK Aerosystems hits over one-month high on Israeli defence contract ** Shares of Australia's KTEK Aerosystems KTK.AX rise as much as 38.6% to A$0.243, their highest level since August 12
** Stock set for its strongest session since early June, if current trend holds
** Aerospace components maker receives a binding US$200,000 purchase order from a major Israeli defence and aerospace company
** Co says the order is the first milestone of a quoted $994,100 work package covering the design and development of an airframe component
** Adds, the project could lead to additional engineering work worth up to $5 milion and potentially future manufacturing and supply opportunities
(Reporting by Paridhi Minda in Bengaluru)
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