BUZZ-Australia-listed Elsight rises to 7-1/2-year peak on European contract expansion

Reuters
04 Jun
BUZZ-Australia-listed Elsight rises to 7-1/2-year peak on European contract expansion

** Shares of ASX-listed Elsight ELS.AX rise 9.7% to A$0.96, their highest levels since January 31, 2018

** The Israel-based communication technology developer signs a $5.08 million contract with its existing Europe-based defence OEM customer

** Under the contract, co to supply additional Halo units, a connectivity solution for autonomous systems, to be delivered in 2025

** Including current session's moves, Elsight stock up 160.8%, YTD

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10