The $3bn Fighting Fund Boost announced by the Government today is great news for XTE. The $3bn fund is to go towards upgrading Australian special forces (SAS) equipment, armor and training over the new few years. With XTE now a market leader with their patented technology in ballistic plate armor and equipment, together with their current relationship with the AFR they are well positions to be considered for this contract. If XTE were to win any contracts for this funding it would significantly materialize their ACR over many years.
The $3bn Fighting Fund Boost announced by the Government today...
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