Etherstack (ASX:ESK) secures another defence contract

12Feb

Etherstack (ASX:ESK) secures another defence contract

 

A subsidiary of radio tech company, Etherstack (ASX:ESK) has entered into an agreement with EOS Defence Systems to supply services to the Australian Department of Defence.

The contract is valued at $500,000, all of which should be fully recognised in the 2021 financial year.

This follows Etherstack’s recent announcement of another $4.1 million deal with the Australian Department of Defence.

The company’s CEO, David Deacon says “Etherstack has had significant international defence wins over the past two decades and it is great to be winning and delivering projects in [the company’s] home market”.

Shares in Etherstack (ASX:ESK) closed 0.8 per cent higher at 62 cents yesterday.

Copyright 2021 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

19Mar

Coles (ASX:COL) pledges to go 100% renewable electricity by 2025

19 Mar 2021 - Coles Group (ASX:COL) has pledged to go 100 per cent renewable by 2025.

Read More
04Mar

Starpharma (ASX:SPL) see Okamoto licence Vivagel condoms in Asian countries

04 Mar 2020 - Starpharma (ASX:SPL) today announced that following the successful launch of the VivaGel antiviral condom by Okamoto Industries in Japan, they are now seeking to expand its licence territory in Japan.

Read More
02Jan

Fire ravages Kangaroo Island Plantation Timbers (ASX:KPT) plantations

02 Jan 2019 - Kangaroo Island Plantation Timbers (ASX:KPT) has requested a lift to the trading halt it entered on 24 December as a result of the fires on Kangaroo Island.

Read More
06Apr

Stocks of the Hour: Immuron, Western Mines Group, Cooper Metals

06 Apr 2023 - A snapshot of the stocks on the move featuring Immuron (ASX:IMC), Western Mines Group (ASX:WMG) and Cooper Metals (ASX:CPM).

Read More
02Aug

Stocks of the Hour: Afterpay, Santos & Home Consortium

02 Aug 2021 - A snapshot of some of the news that broke today, featuring Afterpay (ASX:APT), Santos (ASX:STO) & Home Consortium (ASX:HMC).

Read More
21Oct

Afterpay Touch (ASX:APT) says it welcomes RBA review

21 Oct 2019 - Afterpay Touch (ASX:APT) has responded to recent media reports on regulatory developments stating that it’s not currently the subject of an RBA enquiry.

Read More
24Sep

Tower to acquire Youi NZ insurance portfolio and raise capital

24 Sep 2019 - Tower insurance (ASX:TWR) has inked a deal to acquire Youi NZ insurance portfolio.

Read More
16Nov

CSL (ASX:CSL) to build a new vaccine manufacturing plant

16 Nov 2020 - Global biotechnology leader CSL (ASX:CSL) today announced that Seqirus, a wholly owned subsidiary of CSL, plans to invest more than $800 million in the construction of a new biotech manufacturing facility in Melbourne.

Read More
21Feb

Stocks of the Hour: A2 Milk, Reliance Worldwide, Nib

21 Feb 2022 - A snapshot of the stocks on the move featuring A2 Milk (ASX:A2M), Reliance Worldwide (ASX:RWC) & Nib (ASX:NHF).

Read More
17Feb

Westpac’s (ASX:WBC) first quarter net profit hits $1.7b

17 Feb 2021 - Westpac (ASX:WBC) reported a first-quarter unaudited statutory net profit $1.70 billion compared to a second-half 2020 quarterly average of $550 million.

Read More