Military equipment maker XTEK wins $3 million US contract

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Image credit: xtek.net

Military specialist products provider XTEK Group has secured a $2.7 million contract with a US government agency to deliver specialist body armour and ballistic helmets. 

The ASX-listed company will immediately begin its work on the contract. The project is expected to be completed by the end of the first quarter of 2023. 

“HighCom Armor is a trusted provider of high performance, life-saving, ballistic personal protection equipment to federal, state, and local law enforcement agencies across the United States and around the world,” Scott Basham, chief executive officer of XTEK, said in a statement. 

Thousands of items of specialist body armour and ballistic help equipment will be built, shipped, and delivered from the company’s facility in Columbus, Ohio, the CEO added. 

“This multi-million dollar order continues the cracking start to the new financial year for the Group, with us having already recognised US$11m (~A$15.6m) so far in Q1. And of course, we still have two final shipments to complete the transformational order we received back on 27 May 22, that are worth a further US$11m (~$A15.6m) scheduled to occur through August and September.”