XTEK Limited (ASX:XTE) has submitted responses to the Australian Army tenders for Land 129 Phase 4 - the acquisition and through life support tenders for 78 Small Unmanned Aircraft Systems.
Through life support includes training, repair and spares support post acquisition.
Subject to selection, Government funding approval and successful contract negotiation, contracts for these tenders are scheduled to commence in FY17.
XTEK has also been selected as the preferred tenderer for the supply of tactical/bomb response equipment to a Government client.
Contracts, potentially over $1 million, from these acquisitions are expected in FY17, subject to Government funding approval and successful contract negotiation.
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