XTEK gains a new substantial holder in HighCom Global Security

XTEK Ltd (ASX:XTE) has a new substantial holder in Florida-based HighCom Global Security Inc (OTCMKTS:HCGS) with a 7.59% stake.

HighCom became a substantial shareholder on September 30, 2019 via the purchase of 4 million shares at 72 cents each for a total consideration of $2.88 million.

ADF contract

XTEK recently signed an exclusive contract with the Australian Defence Force to provide a range of supply and service support activities for small unmanned aerial systems, or drones.

The Australian technology company was awarded the long-term contract which entails providing spare parts, repair, maintenance and support services for the ADFs growing SUAS fleRead More – Source

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