ASX Announcement – HighCom Limited Receives A$5.6m SUAS Spare Parts Order

Key highlights:

• New A$5.6m (including GST) SUAS Spare Parts order received from Defence.
• Spare Parts will support AeroVironment SUAS previously acquired by Defence through HighCom Limited.
• Order will be completed in H2 FY25.
• Order is part of the multi-year Support Contract for AeroVironment SUAS announced by HighCom Limited on 3 October 2023.

HighCom Limited (ASX: HCL, ‘HighCom’, ‘Group’) is pleased to announce that it has received a new spare parts order for A$5.6m (including GST) from the Commonwealth of Australia’s Department of Defence, as part of the Small Uncrewed Aerial Systems (SUAS) Support Contract. The order will be completed during H2 FY2025.

This Support Contract has an initial 4-year term for support services with 6 years (2+2+2) of contract extension options. Contracted support services can include a variety of engineering, maintenance, and logistic support services, as well as the supply of spare parts. The order is part of the multi-year Support Contract for AeroVironment SUAS announced by HighCom Limited on 3 October 2023.

Mr Ben Harrison, HighCom Limited Chairman said:
“HighCom has been supporting Defence for over 30 years and is very pleased to receive this spare parts order under the initial 4-year term of the potential 10 year SUAS Support Contract for the mixed fleet of AeroVironment SUAS. HighCom remains committed to representing, delivering, integrating, and sustaining all AeroVironment product lines for the Australian Defence Force. This is backed by our decade of partnering with AeroVironment to introduce into service new and existing technologies to increase ADF capability.”

This ASX announcement has been authorised by the HighCom Limited Board of Directors.