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ASX-listed and Israel-based defence tech player Elsight (ASX:ELS) has confirmed its ‘Halo’ drone operation management tech has been adopted by Lockheed Martin.
The latter’s small-scale recon drones, called Indago 4, was demonstrably “enhanced” when paired with the company’s situational awareness tech.
The company reported on Monday that Lockheed Martin is now able to offer this configuration to its customers effective immediately.
In a “strategic collaboration exercise,” Elsight paired up the Halo connectivity platform with Lockheed’s small UAV assets which ultimately ended up giving drone operators greater operational reach.
The drones were able to maintain robust communication with operators across “varying terrains, obstacles and distances.”
“We designed the Halo to provide real-time situational awareness in difficult defense and public safety scenarios,” Elsight co-founder and chief tech officer Roee Kashi said.
“Field commanders need to make strategic decisions at any moment and should have the widest ‘lens’ possible with all the critical information.
“Now with our integration, the Indago 4 becomes the ‘eyes’ of any commander and the control centre.”
On the back of a global defence thematic tipped by Bell Potter back in 2022, Elsight’s one year returns are up 28.3% – however, the stock is thinly traded.
(Many stocks are currently thinly traded, given a palpable drop-off in ASX trading activity broadly across many smallcap companies.)
Elsight last traded at 39cps.
