- XTEK has signed its largest contract with the Australian Defence Force to provide a range of supply and support services for Small Unmanned Aerial Systems.
- This is a long-term and exclusive contract to provide spare parts, repair, maintenance, and support services for the ADF’s growing SUAS fleet
- Further announcements under the contract are expected to be made over the next 3-5 years
XTEK has signed its largest contract with the Australian Defence Force (ADF), worth $10 million, to provide a range of supply and support services for Small Unmanned Aerial Systems (SUAS).
XTEK is the market leader in high-quality security products to protect and sustain the Defence Forces, Police Forces, and other Government agencies.
The company is focused on developing and commercialising its proprietary technologies, which include XTclave and XTatlas.
XTclave is a composite curing and consolidation technology that was first developed to manufacture ballistic protection (bulletproof vests).
The XTclave makes it possible to manufacture lighter, stronger, and stiffer armour.
XTatlas is a full motion video exploitation software application for use with SUAS, piloted aircraft and unmanned ground vehicles. It provides real-time, accurate geo-referenced video mapping, mosaic maps, and 3D models.
The live video can be transmitted over a network for viewing at a remote command post.
Not much information has been said about this contract due to its confidentiality.
The company has said, however, it’s a long-term and exclusive contract to provide spare parts, repair, maintenance and support services for the ADF’s growing SUAS fleet.
The SUAS fleet aims to provide an organic airborne intelligence, surveillance, and reconnaissance (ISR) capability for tactical land forces.
“Further announcements under this ADF Contract are expected to be made over the next 3-5 years,” the company stated.
XTEK gained 9.38 per cent on the ASX today, with shares selling for 70 cents apiece at market close.