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Aerospace & defence microcap Nightingale Safety (ASX:NGL) on Monday revealed its execution of a contract with Halliburton to supply the latter with autonomous airborne drone safety companies.
Halliburton is a multinational engineering agency that gives companies to the onshore and offshore oil and gasoline trade world wide.
That service providing now sees Haliburton tackle the ASX-listed Nightingale as a 3rd occasion supplier of safety companies.
““Bodily safety is a staff sport, not a person sport. Nightingale is evident on its function as a power multiplier and the advantages of integration,” firm chief Jack Wu mentioned.
The bodily safety of power property has come into the fore in current months following assaults on energy stations by Russia in Ukraine, and, assaults on energy stations in North Carolina, in all probability by US militant teams.
At any price, Nightingale seems to have been sucked down into the purple in the present day together with the remainder of the ASX; and no materials revenues connected to the Halliburton and Iron Mountain contracts have been acknowledged.
Value noting: Nightingale joined the ASX simply final month all the way in which from the US.
Defending artwork, treasure, and secret paperwork
Nightingale additionally on Monday revealed its execution of the same contract with Iron Mountain, an NYSE-listed data safety heavyweight which supplies companies together with high-value artwork storage and transport, storage of billions of {dollars} value of varied different kinds of property, safe data storage, and doc destruction.
In that gentle, it’s clear why an data administration firm has solicited the companies of Nightingale’s autonomous drone merchandise and software program.
Amongst Nightingale’s key companies are distant drone monitoring round secured perimeters, audio-sensor-based gunshot detection and reconnaissance know-how, and the power to ship radio information to US navy receivers designed to make use of it.
They’re a competitor to a different ASX-listed drone participant, Droneshield (ASX:DRO), which holds contracts with the US authorities, in addition to civil airports in Australia, US, and the EU.
Bell Potter sees aerospace & defence upside
Final week, Bell Potter started overlaying ASX-listed defence participant XTEK (ASX:XTE).
Whereas that isn’t associated to Nightingale, what they mentioned of their maiden be aware on the corporate is.
Bell Potter wrote: “XTEK is leveraged to the present development of worldwide rearmament, which is more likely to be a central market narrative over the following decade.”
Whereas XTEK makes physique armour and Nightingale sells of drones, the publicity to that very same thematic is probably going to supply a beneficial macro context.
Nightingale made the considerably questionable resolution to listing in November; nevertheless, it already has various spectacular purchasers as a result of its US operations
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