Elsight Limited (ASX:ELS) Secures US$5.08M Defence Contract
Contract Details
Elsight Limited has signed a new US$5.08M (~A$7.9M) supply contract with an existing European defence OEM customer. This June Contract brings the 2025 total for this customer to US$14.7M (~A$22.9M), reflecting a 600% increase above CY24 revenue. Deliveries under the agreement are scheduled throughout 2025, supported by Elsight’s robust production capacity.
Future Outlook
The expansion of the relationship with the European OEM is expected to continue as long-term quantity requirements are finalised and new programmes emerge. Elsight’s supply chain readiness and expanding production capability enable fast turnaround and delivery on large volume orders. Additionally, the OEM is evaluating new Elsight products beyond the Halo offering, which could open new revenue streams across Elsight’s partner network.
Executive Comments
Yoav Amitai, CEO of Elsight, commented: “This new order is an even stronger signal of market validation, not only from our direct customer but from the multiple defence end-users now relying on Halo across operational theatres. As our technology proves how it enables mission success, it spreads. This battlefield-proof growth reflects the deep confidence partners place in Elsight’s ability to deliver resilient, always-on connectivity for the most demanding unmanned applications in contested environments.”
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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