XTE Signs Agreement With ADF

XTEK Limited (ASX: XTE) has signed an exclusive support services agreement with the ADF (Australian Defence Force) to provide additional repair and maintenance services for AeroVironment WASP Small Unmanned Aerial Systems (SUAS). This will strengthen XTEK’s relationship with the ADF and will also solidify XTEK’s position as the key SUAS supplier in Australia.

  • XTEK secures exclusive support contract for spare parts, repair and maintenance of ADF’s WASP AE SUAS fleet;
  • The contract is for three years, which can be further extended to 2026, and the estimated revenue will be up to $5 million per year;

At AEST 11:51 AM, the stock was trading at A$0.680 down by 2.857% on previous day’s close.

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