SKS Technologies Wins $11M Contracts for RAAF Base Tindal Upgrades

SKS Technologies Group Limited (ASX: SKS) has secured $11 million worth of contracts for electrical and communications infrastructure projects at the Australian Defence Force’s RAAF Base Tindal in the Northern Territory. CEO Matthew Jinks stated that investments made in 2022 in new markets have paid off, with $28 million secured in the Defence sector since then.

These contracts bring their total work on hand to over $100 million, positioning them to surpass their FY24 revenue target of $120 million. The RAAF Base Tindal is undergoing a $1.17 billion upgrade to enhance capacity and efficiency, with SKS Technologies undertaking three critical projects including site-wide communications, control and reporting unit facilities, and the Optech New Squadron Visiting Facility.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com