XTEK receives A$8.1m for SUAS Spares & 2 Year Support Contract Extension Orders

Jun 6, 2022 | Announcements 2022

Key highlights:

• Defence SUAS Spare Parts orders worth a combined value of A$5.7m
• 2 Year Support Contract term extension accepted for FY23 & FY24 valued at $2.4m

Monday 6 June 2022. XTEK Limited (ASX: XTE, ‘XTEK’, ‘Group’) is pleased to announce that it has
received new purchase orders totalling A$8.1m from Commonwealth of Australia’s Department of Defence, for
Small Unmanned Aerial Systems (SUAS) systems spare parts for existing SUAS fleets. Defence also signed
a two (2) year extension option for the current SUAS Support Contract it has with the Group out to July 2024.

Scott Basham, XTEK’s Group CEO, said:

These new orders from Defence totalling A$8.1m for new spare parts and related technical support services
that are provided under the current multi-year Support Contract we have with Defence for Small Unmanned
Aerial Systems.

We are very pleased that Defence has also accepted to take up the option of a further two (2) years of support
for this important contract.

The spare parts to be purchased under these orders will be held in our state-of-the-art SUAS repair facility in
Canberra and will be used to keep this important SUAS capability operational for Defence for years to come.”


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