HighCom Wins Australian C-sUAS Panel Spot and Expands AeroVironment UAS Partnership

An update from XTEK Limited ( (AU:HCL) ) is now available.

HighCom Limited has strengthened its position in the rapidly growing counter-drone and uncrewed systems market after its HighCom Technology division was selected for the Australian Government’s Project LAND 156 Counter-small Uncrewed Aerial Systems Services Standing Offer Panel, enabling federal agencies to procure its C-sUAS hardware, software, C2 systems and support on a capability-as-a-service basis. Alongside this win, HighCom has significantly broadened its long-standing partnership with AeroVironment to cover the full suite of uncrewed aerial systems, control systems and related products for Australia and the Pacific, including JUMP 20/JUMP 20X medium UAS and next-generation small UAS, reinforcing its role as a key technology integrator for the Australian Defence Force and expanding its addressable market in defence and security capabilities.

The most recent analyst rating on (AU:HCL) stock is a Hold with a A$0.32 price target. To see the full list of analyst forecasts on XTEK Limited stock, see the AU:HCL Stock Forecast page.

More about XTEK Limited

HighCom Limited (ASX: HCL) operates through two main businesses: HighCom Armor, which designs, manufactures and supplies advanced ballistic personal protection for military, law enforcement and first responders, and HighCom Technology, a defence technology integrator that provides Australian defence and security agencies with small and medium uncrewed aerial systems, sensor payloads, systems integration, maintenance, repairs and logistics support services.

Average Trading Volume: 253,758

Technical Sentiment Signal: Sell

Current Market Cap: A$25.67M

For detailed information about HCL stock, go to TipRanks’ Stock Analysis page.