Australia's Synertec Corp hits over 2-year high on securing $32.8 million contract
07/09/2026 03:29
BUZZ-Australia's Synertec Corp hits over 2-year high on securing $32.8 million contract ** Shares of Australia's Synertec Corporation SOP.AX jump as much as 33.3% to A$0.1, hitting their highest since early-August, 2024
** Stock posts its biggest intraday pct gain since May 5
** Tech design firm secures A$45.5 million ($32.78 million), eight-year engineering contract with Australian government agency
** Scope of contract covers design development, detailed design and documentation deliverables, others
** Co expects contract to provide revenue visibility through FY35
** YTD, stock up 350%
($1 = 1.3881 Australian dollars)
(Reporting by Paridhi Minda in Bengaluru)
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Australia's Synertec Corp hits over 2-year high on securing $32.8 million contract
Brief: Synertec Secures A$45.5M Engineering Services Contract With Australian Government Agency