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Elsight Ltd. ( (AU:ELS) ) just unveiled an announcement.
Elsight Limited has secured a new US$5.08 million contract with a European defense OEM customer, marking a significant increase in demand for its Halo units. This contract is part of a larger trend, with the customer securing new downstream clients, resulting in a total of US$14.7 million in orders for 2025. The rapid expansion highlights Halo’s competitive advantage in the defense sector, particularly for unmanned systems, and demonstrates Elsight’s ability to deliver reliable connectivity solutions. The company’s expanding production capabilities and readiness to fulfill large orders position it well for future growth and deeper integration into the customer’s ecosystem.
More about Elsight Ltd.
Elsight Limited is a carrier-agnostic connectivity solutions company that specializes in providing advanced communication technologies. The company’s primary product, Halo, integrates cellular, RF, and satellite connections into a seamless data pipe, enabling secure command and control communications essential for Beyond Visual Line of Sight (BVLOS) missions. Elsight focuses on the defense industry, particularly in providing solutions for unmanned systems in complex environments.
Average Trading Volume: 444,427
Technical Sentiment Signal: Buy
Current Market Cap: A$159.9M
See more data about ELS stock on TipRanks’ Stock Analysis page.