XTEK Limited (AU:HCL) has released an update.
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HighCom Limited has secured a significant A$5.6 million order from the Australian Department of Defence for spare parts supporting AeroVironment Small Uncrewed Aerial Systems (SUAS). This order is part of a multi-year contract aimed at enhancing the capabilities of the Australian Defence Force and is expected to be completed in the second half of FY2025. HighCom continues to play a key role in providing advanced technology solutions to the defence sector.
For further insights into AU:HCL stock, check out TipRanks’ Stock Analysis page.