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Elsight Limited (ASX:ELS)

ALERT: Price-sensitive ASX Announcement for ELS
Current share price for ELS : $7.550 4.68 (163.07%)+
Announcement
Release
17 Dec 2025 9:03AM
Price at Release
$2.870
Full Release
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Summary
Elsight Limited has announced securing a major contract valued at US$21.2 million for the early months of 2026, signaling a significant expansion of their Halo platform within the global defense and uncrewed systems market. This contract follows a transformative 2025, where Elsight experienced unprecedented demand and substantial growth in order value. The new order reflects a 13.5-fold increase over the previous year’s corresponding period and includes favorable upfront payment terms. The company's momentum is further supported by advancements to the next phase in the U.S. Defence Innovation Unit Project G.I. program, providing a solid foundation for sustained growth into 2026.
Key Points
  • Elsight has secured a significant US$21.2 million contract for deliveries between January and April 2026.
  • The contract marks a continuation of Elsight's momentum after a record 1,000% year-over-year growth in 2025.
  • The new order represents a 13.5-fold increase in orders compared to the same period in 2025.
  • The contract includes up-front payments to support working capital with the balance payable before delivery.
  • The agreement is part of the expansion of the Halo platform across multiple defence and uncrewed programs.
  • Elsight has advanced to the next phase of the U.S. Defence Innovation Unit Project G.I. DRM2 program.
  • The developments establish a strong start for the 2026 calendar year for Elsight.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.