Xtek awarded $1 million defence industry capability grant
By Staff Reporter
Share this story
Canberra-based Xtek (ASX: XTE) has earned a $1 million Sovereign Industry Capability Priority grant, which will assist the company in establishing a composites manufacturing facility for its combat armour products.
The $1 million grant would be used to assist completion of a production facility for Xtek’s “XTclave” composite curing method. It follows contracts with the US Department of Defense, foreign customers, and an MoU with Skykraft to develop small spacecraft and space launcher systems., and was described as further validation of the company’s “unique global capabilities” in ballistic armour technology.