Australia's KTEK Aerosystems rises on securing contract with Vestal Technology
09/09/2026 01:33
BUZZ-Australia's KTEK Aerosystems rises on securing contract with Vestal Technology ** Shares of Australia's KTEK Aerosystems KTK.AX rise as much as 5.1% to A$0.205, their biggest intraday pct gain since September 2
** Company secures a contract with Vestal Technology to complete the structural design, engineering and tooling for the SCOOPER 25 and manufacture two composite prototype airframe structures
** Says fixed contract price of $172,500
** KTEK expects contract revenue to be recognised progressively as the agreed engineering, tooling and prototype milestones are completed
(Reporting by Sneha Kumar in Bengaluru)
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