Elsight Secures Additional $5.4 Million Purchase Order from European Drone Manufacturer; Shares Hit Near Seven-Year High

MT Newswires Live

2025/05/29

Elsight (ASX:ELS) secured an additional order worth $5.4 million from a European-based strategic defense drone original equipment manufacturer, expanding total orders from the customer to around $9.6 million, according to a Thursday filing with the Australian bourse.

Over $1 million from the earlier contract has been recognized as revenue, the filing said.

Shares of the company rose 10%, earlier hitting a near seven-year high.

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