New A$3.2m International Military Ballistic Armour Order

 Key highlights:

• A$3.2m order for specialist ballistic armour products
• Second large order received this financial year
• Order allows for the further reduction in inventory to normalised levels
• New international military customer

Friday 29 September 2023. XTEK Limited (ASX: XTE, ‘XTEK’, ‘Group’) is pleased to announce that the Group’s Ballistics Division (Highcom Armor) has received a new purchase order valued at A$3.2m to supply high-end ballistic body armour products to an undisclosed international military customer.

Scott Basham, XTEK Group CEO, said,

“Our Ballistics Division received the order on the back of its reputation for advanced manufacturing, sales and distribution capabilities across North America, Australia, and Europe. Through our Ohio and Adelaide facilities we design, manufacture, and supply world-leading, ultra-lightweight and high-performance ballistic armour products and solutions to military, law enforcement, and first responder customers worldwide.

This new international order, from an undisclosed military customer, worth A$3.2m, will see thousands of our advanced high-performance body armour products manufactured and shipped overseas over the coming weeks to meet this customer’s operational requirements. This order, in addition to the recently announced $2.6m order, will assist in the reduction in the inventory levels reported at the FY23 full year result.”

This announcement has been authorised for release by the XTEK Limited Board of Directors.

General, Investor & Media Enquiries:
Scott Basham, Group CEO,
T: +61 422 014 593
E: scott.basham@xtek.net