Elsight Limited (ASX: ELS): Could This Be the Core Technology Powering Tomorrow’s Battlefield?
Elsight has emerged into the spotlight following a wave of significant defence contract wins in early 2025. Within a short span, the company has secured over US$14.7 million in orders from a single European defence OEM, reflecting exponential demand for its flagship connectivity platform, Halo.
- Newest contract worth US$5.08 million follows earlier deals of US$4.28 million and US$5.35 million
- Contract total is already 600 percent higher than Elsight’s 2024 full-year revenue
- All units scheduled for delivery throughout 2025, with upfront payments already supporting production
Halo is proving to be a mission-critical solution for unmanned systems in modern defence environments. By combining cellular, RF, and satellite into one resilient stream, it delivers secure, always-on communication for high-stakes operations.
- Q1 2025 revenue rose 64% year-over-year, reflecting strong operational momentum
- Defence now contributes 73 percent of total revenue
- Current infrastructure is capable of supporting annual production levels of up to US$70 million
To meet rising demand, Elsight has obtained a short-term loan aimed at maintaining seamless production and delivery operations. Management forecasts that 2025 will mark the company’s first year of profitability.
This is not just strong contract momentum. It signals a fundamental market shift.
As global defence spending accelerates and unmanned systems gain priority, Elsight is embedding itself into the infrastructure of next-generation military technology. Investors watching this space may want to follow closely what comes next.
VEEM Limited (ASX: VEE): Is This Marine Tech Veteran Quietly Powering Up a Global Shift?
VEEM may not be a household name, but it has built a reputation at sea level and below. With 50 years of precision engineering under its belt, the company is now riding a wave of defence demand and global innovation in marine propulsion.
- Revenue for 1HFY25 came in at $33.6 million, hitting guidance despite margin pressure
- Defence revenue reached $7.3 million, even in a slower submarine cycle
- The propeller segment stayed resilient with $14 million in sales
VEEM is making bold moves toward expansion, advancing next-generation gyrostabilisers and supplying defence components for nuclear submarines. A recent federal defence grant of $2 million will support the acquisition of a 3D sand printer and a multi-axis CNC machine, enhancing the company’s sovereign manufacturing capabilities.
Elsight’s collaboration with Sharrow Marine marks a further strategic move in its ongoing expansion journey. The strategy aims to equip 75 vessels within a year using high-efficiency propellers, as VEEM concentrates on ramping up production capacity.
- EBITDA was $3.9 million with cash flow from operations at $1.8 million
- Management succession plan completed with CEO, CFO, COO and CIO now in place
While margins were tighter this half, the second half is expected to show stronger revenue and profit recovery.
With enhanced defence clearances, global contracts in view and demand rising across sectors, VEEM’s foundation is set. For investors scanning the defence and marine tech horizon, this one may be quietly turning the propeller faster than expected.
(Source: Company Announcements)
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