War may be ravaging through parts of the Middle East and Ukraine, prompting many contract wins over the past 12 months but that hasn’t translated into profit for body armour and ballistics manufacturer HighCom (ASX: HCL) which has confirmed large losses are now anticipated. The profit downgrade, which HighCom announced after the market closed on
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Major conflicts in Israel and the Ukraine are tearing nations apart but for ballistics defence company XTEK (ASX: XTE), someone needs to offer protection to the people involved and if that means lacing them up in high-end ballistic body armour products, they’re happy to do it. Some might call it a coincidence but since Russia’s
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Detect and defeat: that’s the new DroneShield (ASX: DRO) rally cry as it launches the DroneSentry-X Mk2, or the DroneSentry-X.
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Shoot for the moon and you will land among the stars, or at the very least, you will contribute to existing space junk then go bankrupt—much to the agony of shareholders, especially the eco-conscious ones. This is the case with defence and space tech company Kleos (ASX: KSS), which has declared bankruptcy as loan facilities
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What do you do when you lose nearly $100 million in only six months? Re-evaluate everything. That’s exactly what defence, space and communications company Electro Optic Systems (ASX: EOS) is doing as it expresses disappointment in its first half result, losing $98.9 million in six months ending June 30, 2022. The loss is even more
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I’m not sure about you, but I’m getting a bit sick of living in a VERY interesting part of next century’s history textbooks. In recent weeks our newsfeeds have been swamped with horrifying images of the war in Ukraine which seems to be touching everyone in some way. Whilst the outpouring of support for those
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