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XTEK Ltd Selected As Preferred Tenderer For Small Unmanned Aerial Systems

XTEK Limited (ASX:XTE) is focussed on in the Australian Homeland Security Market.

XTEK has said that the Department of Defence has informed the company that the evaluation of tenders received in response to the Supply and Support of Small Unmanned Aerial Systems has been completed.

XTEK Limited has been selected as the Preferred Tenderer.

The procurement remains conditional on the project achieving government approval at second pass and successful contract negotiations.

The company added that Commercial in Confidence contract negotiations involving a reduction in the scope of the initial supply are expected to commence shortly.

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