Technology Division
In December 2022, XTEK was awarded a contract from the Commonwealth of Australia’s Department
of Defence, totalling $26.9m, for new Small Unmanned Aerial Systems (SUAS). The delivery of the
order is expected to be completed in late H2 FY23 with corresponding revenues recognised in the same
period. XTEK’s Technology Division now currently holds orders in hand for delivery in FY23, worth a
combined value of $35m, and is chasing a pipeline of new supply and support contract opportunities
exceeding $45m across the ANZ region
I am loving this part. The technology part of the revenues has starting to follow through.
An excellent update. $1 party here we go.
Ann: XTEK Limited H1 FY 23 Results - Investor Update, page-2
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