Xtek is kicking goals and the market is not watching.
Let's recap recent announcements.
Defence and Homeland Security expenditure is increasing in Australia
Ordinary agency business is healthy and showing growth
$100m drone contract announced with recurring revenue underpinning revenue for 5 years
LAND 129 phase 4 a is the contract that has been announced.
LAND 129 phase 4 b is scheduled to follow on.
XTclave helmet and body armour technology is getting funded which can lead to direct acquisition by US Special Forces.
New XTclave to be built
Company is cash flow positive
XTE Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held