NextPlat unit receives contract extension from African military customer

NextPlat (NXPL) announced that its subsidiary, Global Telesat Communications Ltd, has received a one-year wireless connectivity services contract extension from an African military customer. The original contract for Iridium Push-To-Talk (PTT) device hardware and related airtime services from this military customer was awarded to GTC in the first quarter of 2024 and at that time, represented the largest contract of its type received by the company in its history. The extension contract includes options for additional future hardware purchases and annual airtime services. All hardware and airtime services sales under this contract are not subject to any recently imposed U.S. tariffs.