Etherstack (ASX:ESK) secures another defence contract

Company News

by Katrina Bullock

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.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.