has received a purchase order from the Australian Defence Force (ADF) worth A$1.4 million for additional WASP AE small unmanned aerial systems. The order includes associated after-market services including technical support, training and spare equipment.
XTEK’s managing director Philippe Odouard said:
“This win represents another positive addition to our growing contract pipeline. We are well positioned to continue building our contract pipeline over the next 12 months, driven by further purchase orders in Australia, underpinned by increasing defence spending by the Australian Government, and in key international markets.”
This purchase order is scheduled to be delivered before the end of June 2018.
In July 2017, the ADF revealed a $101 million investment in a new SUAS capability through XTEK. For XTEK, this represented initial sales revenue of over $40 million and potential maintenance revenue of up to $9 million per annum for 5 to 7 years following delivery.
The company remains on track to deliver the initial range of SUAS to the ADF by July 2018.
Notably, this latest purchase order is in addition to this contract.
Source: Proactive Investors