New A$4.8m Ballistic Product Order Received
| Stock | Highcom Ltd (HCL.ASX) |
|---|---|
| Release Time | 16 Dec 2024, 9:49 a.m. |
| Price Sensitive | Yes |
HighCom Receives A$4.8m Ballistic Product Order
- New order of ballistic products for an international customer worth A$4.8m
- Ballistic products to be supplied before end of H2 FY25
- HighCom expects revenue for H1 FY25 to be at the upper end of guidance
HighCom Limited (ASX: HCL) has announced that it has received a new order valued at A$4.8m to supply its high-end ballistic products to an international customer. The customer has issued the purchase order, and the products will be delivered before the end of H2 FY25, providing the Group with a solid start for the second half. In addition, HighCom now expects revenue to end H1 FY25 at the upper end of guidance previously advised of between $23m and $25m. Ben Harrison, HighCom Limited's Chairman, said: 'HighCom is excited to announce the receipt of a substantial new order for its premier armor products. We are actively collaborating with various US and international clients who are looking to procure large volumes of advanced ballistic solutions in response to the current geopolitical climate.'
HighCom expects revenue for H1 FY25 to be at the upper end of guidance previously advised of between $23m and $25m.