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The latest announcement is out from Critical Infrastructure Technologies Ltd. ( (TSE:CTTT) ).
Critical Infrastructure Technologies has completed due diligence and is nearing finalization of a deal to acquire a 100% stake in a Western Australian precision manufacturing company for AUD$7.7 million, aiming to secure sovereign manufacturing capacity for its Nexus 20 and future autonomous communication systems. The target business, equipped with state-of-the-art fabrication facilities and ISO-certified quality, environmental, and safety systems, is expected to immediately contribute more than AUD$7.4 million in revenue and AUD$1.9 million in EBITDA in FY2025, while providing DISP accreditation that opens access to classified defence programs. By vertically integrating a modern, defence-connected manufacturer with a skilled workforce, CiTech expects to improve speed, cost efficiency and scalability, reinforcing its positioning within Australia’s sovereign defence industrial base and enabling it to better capitalise on opportunities linked to the AUKUS defence pact and allied markets, pending completion of financing and closing conditions.
More about Critical Infrastructure Technologies Ltd.
Critical Infrastructure Technologies Ltd., listed on the CSE and operating out of Perth, Western Australia, develops autonomous, high-capacity, rapidly deployable communications and security platforms. Its flagship systems, including the Nexus product line, target mining, defence, border security, surveillance, and emergency services markets, with a focus on providing sovereign, mobile telecommunications and critical infrastructure solutions.
Average Trading Volume: 100,007
Technical Sentiment Signal: Buy
Current Market Cap: C$67.49M
See more insights into CTTT stock on TipRanks’ Stock Analysis page.