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- Supply chain and logistics constraints arising from Niddle East conflict have eased
- Production and delivery operations resuming
- Initial shipment sent, consisting of advanced composite airframe components
- Deliveries anticipated to increase on regular and progressive basis
KTEK Aerosystems (ASX: KTK) has resumed production and delivery operations following the easing supply chain and logistics constraints arising from the Middle East conflict.
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An initial shipment of advanced composite airframe components has left KTEK’s facilities in Europe on its way to an existing major drone platform OEM customer.
The shipment is expected to generate approximately $500,000 in revenue for the company.
MD, Dekel Keisar, said that following the initial delivery, KTEK intends to ramp production and deliveries as rapidly as practicable.
“The company is targeting a progressive increase in monthly output, with regular deliveries scaling from the initial shipment to a run-rate of 150 units per month within approximately five months – covering current contracted order volume with capacity to scale on demand.
“This is the moment we have been working toward since listing on the ASX. Supply chain conditions have normalised, and we are back to business as usual – shipping product, generating revenue and building toward our full production run-rate,” he said.
“This first delivery, on its way to our customer, marks the beginning of what we expect to be a regular and growing cadence of shipments. Our focus now is simple: ramp as fast as we can and convert our order book into delivered units and recognised revenue.”
Newly-listed KTEK is a supplier of composite airframes and electromechanical assemblies for military and commercial UAVs.
The company specialist in built- to-spec, full-turnkey (FTK) sub-assemblies – combining mechanical, electrical and firmware components into qualified ship-ready units – across four product lines.
KTK is up 3.17% to 32.5¢. Mkt cap $44.25M.
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