XTEK: Receives $9.5m order from undisclosed customer

XTEK Receives $9.5m order from undisclosed customer

  • Defence specialist XTEK (XTE) receives a $9.5 million purchase order for the supply of its HighCom body armour and ballistic helmets to an undisclosed customer
  • The order is expected to be shipped and delivered to the customer in the coming weeks
  • The products are designed to ensure protection across a range of scenarios and are used by the military and law enforcement and federal and state governments across the globe
  • Since March 1, 2022, the company has received $17.6 million in ballistic armour orders and $22.7 million in total group orders
  • Shares in XTE K are up 8.47 per cent and trading at 32 cents at midday AEST
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Experian Launches Credit Score App in ChatGPT, Enhancing Financial Access

New tool enables users to check credit scores effortlessly via ChatGPT.Highlights: Experian's app allows users to check credit...

US Senate Passes Bill Banning Issuance of CBDCs

Legislation aims to restrict the development of digital currencies by the Federal Reserve.Highlights: The US Senate approved a...

Truist Expands Open Banking Offerings with Plaid Partnership

Collaboration aims to enhance customer access to financial services.Highlights: Truist collaborates with Plaid for open banking expansion.The partnership...

UK’s National Fraud Database Reports 444,000 Fraud Cases in 2025

Cifas reveals a significant rise in reported fraud incidents across the UK.Highlights: Cifas reported 444,000 fraud cases in...