XTEK Limited has secured a new multi-year Department of Defence contract to provide maintenance support for the $26.9 million newly acquired mixed fleet of AeroVironment Small Unmanned Aerial Systems (SUAS).
The initial four-year contract is valued at $15.9 million and includes an optional expenditure for spare parts amounting to a further $23 million, the international defence industry company said in an ASX announcement.
If all extension awards worth approximately $26 million are used, along with the forecasted $45 million of potential spares, the total contract value over the 10-year life of the contract is anticipated to be more than $110 million.
“XTEK is very pleased to be able to continue to provide the Department of Defence with our high-end sustainment support services – this time for the new mixed fleet of advanced AeroVironment SUAS that we announced in 22 December,” said Scott Basham, CEO of XTEK Group.
“This new multi-year contract, which has the potential to run over 10 years, and is worth up to $110m over the contract period, demonstrates our ability to secure ongoing support services from our large customers. The team of support specialists, are all in place and ready to support this new capability as it enters into service with Defence units around Australia.”
In July, XTEK received a $3.4 million order from the Australian Defence for the delivery of spare parts in support of its existing SUAS fleet.
XTEK Group is comprised of XTEK Limited and its wholly owned subsidiary HighCom Armor Solutions, with a focus on the design, manufacturing and supply of global military, law enforcement, and first responder customers with world-class, advanced personal protection ballistic products and solutions.
The company’s technology division focuses on manufacturing and supply global defence and security agencies with world-leading Australian-made and globally sourced systems, sensors, software, and support.
