Australia's KTEK Aerosystems jumps on production restart, capacity boost

Ktek Aerosystems

30/09/2026 03:50

** Shares of Australia's KTEK Aerosystems KTK.AX rise as much as 11.8% to A$0.19, marking their highest level since September 22 
** Stock on track for its strongest session since September 21, if current trend holds
** UAV components supplier restarts deliveries under its main production program, meeting its September target
** Says initial batch is ready for delivery to an existing defence customer
** Raises monthly production capacity to 200 units, which could generate A$1.66 million ($1.16 million) in monthly revenue at full capacity
** About 480,000 shares change hands, around 1.4x the 30-day average volume 
     
      ($1 = 1.4349 Australian dollars)

(Reporting by Swetha Lakshmi in Bengaluru)
((Swetha.Lakshmi@thomsonreuters.com))