HighCom Secures A$2.6 Million Defence Contract for Counter-Drone Systems

XTEK Limited ( (AU:HCL) ) has provided an update.

HighCom Limited has secured a significant A$2.6 million contract from the Australian Department of Defence to supply Counter Small Uncrewed Aerial System products. This contract marks an important expansion of HighCom’s product offerings and underscores its commitment to addressing defence capability needs with innovative solutions. The order not only highlights HighCom’s strength in counter-drone technologies but also emphasizes the strategic importance of these capabilities in supporting national defence priorities.

The most recent analyst rating on (AU:HCL) stock is a Buy with a A$0.35 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, trading under the ASX ticker HCL, operates through two main divisions: HighCom Armor and HighCom Technology. HighCom Armor specializes in advanced personal protection ballistic products for military, law enforcement, and first responders, including body armor, ballistic helmets, and composite armor panels. HighCom Technology provides small uncrewed aerial systems and sensor payloads to Australian Defence and Security Agencies, along with program management, systems integration, and logistics support services.

Average Trading Volume: 90,072

Technical Sentiment Signal: Sell

Current Market Cap: A$19M

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