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XTEK Limited ( (AU:HCL) ) has shared an update.
HighCom Limited announced a correction regarding its recent order for spare parts and technical services under a Small Uncrewed Aerial Systems (SUAS) Support Contract. The company clarified that the parts and services are part of a multi-year support contract initially announced in October 2023, correcting an earlier misstatement. This clarification ensures stakeholders are accurately informed about the scope and nature of the contract, reinforcing HighCom’s commitment to transparency and precision in its communications.
The most recent analyst rating on (AU:HCL) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on XTEK Limited stock, see the AU:HCL Stock Forecast page.
More about XTEK Limited
HighCom Limited, listed on the ASX as HCL, operates through two main businesses: HighCom Armor and HighCom Technology. HighCom Armor specializes in designing, manufacturing, and supplying advanced ballistic protection products for military, law enforcement, and first responders. HighCom Technology provides Small Uncrewed Aerial Systems (SUAS) and sensor payloads to Australian Defence and Security Agencies, along with program management, systems integration, maintenance, and logistics support services.
Average Trading Volume: 309,474
Technical Sentiment Signal: Buy
Current Market Cap: A$35.94M
For detailed information about HCL stock, go to TipRanks’ Stock Analysis page.