ASX-listed Elsight Limited (ASX: ELS) has secured a A$7.1 million (US$4.28 million) order to be delivered over the next four months for its carrier-agnostic drone connectivity systems from a European original equipment manufacturer for deployment in a government drone program.
The A$7.1 million order over four months is more than double Elsight’s entire revenue for calendar 2024 of A$3.36 million (US$2.02 million) and company management will be upgrading revenue forecasts for the current year accordingly.
The order is a significant follow-on agreement with Elsight’s original equipment manufacturing partner in Europe in additional to the A$498,000 (US$300,000) order announced on 20 March 2025 for deployment in a European drone program.
The A$7.1 million contract includes a material down payment upon signing and a pre-agreed delivery schedule, ensuring product flow aligns with the customer’s deployment timelines.
The fulfillment of the order is well within Elsight’s current production and funding capacity, reflecting the company’s operational readiness and financial discipline.
During this initial four-month phase, the customer will also define the long-term quantities and rollout plans expected to follow, providing a strong foundation for the continued expansion of the relationship.
Elsight Chief Executive Officer Yoav Amitai said the order was a major validation of the value, reliability and strategic position of the company’s Halo connectivity solution for unmanned aerial and ground vehicles.
“After a long and extensive period of field testing with deployment success, the customer’s fast move to production at a multi-million-dollar scale-up within just a few months, highlights the critical role that reliable communications play in today’s defence operations,” Mr Amitai said.
“We look forward to continuing to support this important program and to deepen our engagement over the coming year.”
