Ann: XTEK selected as Preferred Tenderer for Land 129 Phase 4-XTE.AX, page-26

Hopefully XTE might rest a while around 50 cents until the next announcements come. As Menza said, the times should suit the agency business which hopefully will be trading close to break even. Recent history seems to be that the day-to-day agency turnover ticks over quietly in the background and supporting the operation while management chases the bigger deals. When a big deal happens the market re-values XTE and we go on from there.

There should be news from either or both SUAS and XTclave soon. XTE should be able to progress second round negotiations on the SUAS tender in the next 8 weeks because they were selected as preferred tenderer before the election caretaker period started. As I understand it second round involves the fine print of delivering the deal, not whether a deal will happen. Once price, timing and margins etc are known the SP will hopefully consolidate above current levels. The US Department of Defence Foreign Comparative Testing project was extended at the initiative of the US. Results are now due by the end of next month. Again hopefully that will excite interest from US defence industry players which should further re-value XTE.

In the meantime we can only wait and watch.