Elsight wins US$21.2M contract, boosting growth and defence connectivity

Elsight (ASX:ELS), a provider of carrier-agnostic, multi-link connectivity solutions for uncrewed systems, has secured a US$21.2 million contract from a European OEM for deliveries between January and April 2026.

The new order represents a 13.5-fold increase over the same period in 2025 and extends the company's momentum following record 2025 growth, including US$24 million in contract wins and selection for Phase 3 of the US Defence Innovation Unit Project G.I. DRM2.

Structured with favorable upfront payment terms, the contract reinforces Halo as a mission-critical connectivity solution for next-generation defence and commercial unmanned platforms, supporting Elsight’s path to sustained profitability.

CEO Yoav Amitai said the deal highlights the growing trust in Halo across global markets and positions the company for its strongest calendar year yet, underpinned by a robust backlog and accelerating adoption in both defence and commercial programs.

At the time of reporting, Elsight's share price was $2.92.