Elsight Secures Over $4 Million Follow-On Order From European OEM Customer; Shares Rise 6%

MT Newswires Live
09 Apr

Elsight (ASX:ELS) secured a follow-on order worth $4.3 million from its European-based defense original equipment manufacturing customer, following an initial $300,000 production order, according to a Wednesday filing with the Australian bourse.

The new order, which spans the April-July period, involves the purchase of Elsight's Halo connectivity systems for use in a European government drone program, the filing said.

Shares of the company rose 6% in recent Wednesday trade.

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