contracts News | The Market Online The Market Online – First with the news that moves markets. Breaking Australian stock market news, ASX 200 announcements and the latest ASX news today. Sun, 01 Jun 2025 23:39:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 Perenti extends contract with Endeavour for mining services, worth $1.1B https://themarketonline.com.au/perenti-extends-contract-with-endeavour-for-mining-services-worth-1-1b-2025-06-02/ Sun, 01 Jun 2025 23:39:40 +0000 https://themarketonline.com.au/?p=756186 Perenti Ltd (ASX:PRN) has inked a new 5-year contract worth A$1.1 billion with Endeavour Mining for the delivery of underground mining services at the latter’s Mana high-grade gold complex in Burkina Faso.

The contract was signed through the companies’ joint venture subsidiary businesses – Underground Mining Services Burkina Faso SARL (Perenti) and SEMAFO BurkinaFaso S.A (Endeavour) – and builds on a relationship already established between this entity and Endeavour, which has involved the delivery of underground mining and support services at Mana since 2018.

This contract is set to last 60 months and will involve underground development and production, focusing on the complex’s 2 main areas, Siou and Wona.

Perenti managing director and CEO Mark Norwell said he was pleased to announce the expansion of the contract with Endeavour.

“This contract is consistent with our guidance for FY25 and will contribute strongly in FY26 and beyond,” he said.

“Our team continually delivers exceptional value for our clients, and this is clearly demonstrated by this long-term contract for expanded operations at the Mana complex.”

Perenti has been trading at $1.58.

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MPW scores key Westinghouse contract for assessment of powders for nuclear sector https://themarketonline.com.au/mpw-scores-key-westinghouse-contract-for-assessment-of-powders-for-nuclear-sector-2025-05-12/ Mon, 12 May 2025 00:25:36 +0000 https://themarketonline.com.au/?p=753730 Metal Powder Works Ltd (ASX:MPW) has entered an agreement with Westinghouse Electric Company which will allow the latter to assess MPW’s metal powders for use in components for the nuclear sector.

Initial testing of the metal powders has already been conducted, and this contract brings MPW and Westinghouse into a more comprehensive stage of assessment, and underscores the growing importance of additive manufacturing in the global nuclear market.

This market has been evaluated at more than USD$36.72 billion in 2025, encouraged by the push for carbon-free energy and small modular reactor (SMR) deployments.

Within this, the CAGR (compound annual growth rate) of the additive manufacturing market in nuclear applications is expected to grow by more than 20% through 2030, providing MPW with positive expectations for its future.

This company has previously engaged with several major industrial and government partners, and continues to test its powders with prospective customers in aerospace, defence, and energy sectors, with efforts continuing to secure additional commercial contracts as part of its strategic rollout.

Co-founder and managing director John Barnes said the contract was an important milestone for MPW.

“The nuclear sector places some of the most stringent demands on material quality, and reflects the precision and reliability of our DirectPowder™ process,” he said.

“We believe additive manufacturing has a transformative role to play in next-generation nuclear technologies, and we are proud to be assessed by an industry leader to help deliver those solutions.”

MPW has been trading at 46 cents.

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Pro Medicus signs $20M contract with University of Iowa Health Care https://themarketonline.com.au/pro-medicus-signs-20m-contract-with-university-of-iowa-health-care-2025-05-08/ Thu, 08 May 2025 01:05:01 +0000 https://themarketonline.com.au/?p=753515 Pro Medicus Ltd (ASX:PME) has signed a 5-year contract worth A$20 million with University of Iowa Health Care (UI Health Care) which will see its cloud-based imaging platform Visage 7 rolled out across the latter’s system.

The contract – signed by PME’s US-based subsidiary Visage Imaging, Inc – is based on a transactional licensing model, and involves the implementation of Visage 7 Viewer, Visage 7 Workflow and Visage 7 Open Archive, across the UI Health Care system.

Additionally, UI Health Care’s migration from its legacy PACS archive to the Visage Open Archive will also be completed by Visage, with Visage 7 also providing enterprise distribution of images integrated to UI Health Care’s electronic health record (EHR).

The go-live of the new system is targeted for the fourth quarter of 2025, and work on this will begin immediately, based on Visage’s cloud-based implementation process.

Pro Medicus CEO DR Sam Hupert said the rollout of Visage 7 would be a boost to the UI Health Care’s system, which includes 3 patient campuses and nearly 20,000 staff members – with more than 1,200 staff physicians and dentists, nearly 800 resident and fellow physicians, and over 5,300 nursing staff.

“University of Iowa Health Care is a highly respected healthcare institution that takes great pride in the comprehensive care they deliver to all Iowans,” he said.

“They join a long list of Visage 7 clients to opt for a fully cloud-based solution, which, as a result of our CloudPACS strategy, is becoming the standard in the North American healthcare IT market.”

Pro Medicus shares have risen since the news, and at 10:58 AEST, they were trading at $247.40 – a rise of 4.4.31% since the market opened.

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‘Value for money’: Swift inks 2 renewals contracts in mining sector for $1.3 million https://themarketonline.com.au/value-for-money-swift-inks-2-renewals-contracts-in-mining-sector-for-1-3-million-2025-04-04/ Thu, 03 Apr 2025 22:45:12 +0000 https://themarketonline.com.au/?p=748333 Swift Networks Group (ASX:SW1) has announced contract renewals totalling $1.3 million from two longstanding clients in the mining industry for network infrastructure and entertainment.

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The clients, Roy Hill and Pilbara Minerals (ASX:PLS), have signed up for 12 months; the former was already the first mine with entertainment and engagement solution Swift Access.

This product includes a low bandwidth entertainment feature, which enables early-release access for sought-after movies and other communication tools.

Roy Hill has previously implemented Swift Access at its personnel village in 2022 and will now become the first client to roll out the next generation (Swift Access 2025), with the rollout to begin later in April.

Pilbara’s renewal will mean another 12-month subscription to Swift’s products.

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Swift CEO Brian Mangano said the renewals were a testament to the quality of the services on offer in the communication package. “We are very pleased to continue to work with Roy Hill to create and develop the best entertainment and engagement experience for their team on site,” he said.

“The continuation of our subscription agreements with Pilbara Minerals and Roy Hill also reinforces the demand for Swift’s reliable and value-for-money village entertainment services across the mining sector.”

Swift has been trading at 1cps through this red Friday.

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Veris lands $5.15M contract for Sydney train infrastructure https://themarketonline.com.au/veris-lands-5-15m-contract-for-sydney-train-infrastructure-2025-03-05/ Tue, 04 Mar 2025 23:14:09 +0000 https://themarketonline.com.au/?p=744193 Veris Ltd (ASX:VRS) has snaffled a contract worth $5.15 million for engineering, monitoring, and cadastral works on the Western Sydney Airport SSTOM project, which is set for completion in the 2025 calendar year.

This builds on previous work done since November 2023 in collaboration with the Parklife Metro Consortium – which will be delivering the SSTOM package – to provide engineering surveying services for up to three new metro train stations.

For Veris, these new Sydney works will focus on the Linewide package, and are expected to be completed by the end of 2025.

There is also a subsequent pipeline of activity which will continue until April 2027.

Parklife, whose consortium includes Plenary, WeBuild, Siemens, and RATP Dev, has a long-term contract to operate and maintain Sydney Metro for the next 15 years, and Veris intends to be part of this as it strengthens its relationship with the consortium.

“We are delighted to extend our partnership with the Parklife Metro Consortium on the Western Sydney Airport project,” managing director and CEO Michael Shirley said after sharing the news.

“These new contracts across our multi-disciplinary service offering underscore the quality of work delivered by our team and highlight our ability to leverage strong relationships with key clients into additional opportunities.

“This is a testament to Veris’ strategic focus on high-value, multi-disciplinary projects that align with our expertise and strengthen our position as a trusted partner in delivering Australia’s most important infrastructure projects.”

Veris has been trading at 5.7 cents.

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Vection scores $4M defence contract for AI software https://themarketonline.com.au/vection-scores-4m-defence-contract-for-ai-software-2025-02-05/ Tue, 04 Feb 2025 23:46:39 +0000 https://themarketonline.com.au/?p=738463 Vection Technologies Ltd (ASX:VR1) continues to build its strong relationship with the defence sector, most recently being awarded a $4 million contract extension from a client with whom it gained previous contracts throughout 2024.

This extension focuses on AI software that uses Dell Technologies to power high-end infrastructure design and dedicated AI appliances for real-time processing – with this underscoring both the company’s partnership with Dell and its achievements with AI technology.

Crucially, Vection argues the product central to this new contract has a proven record of boosting national security through the involvement of AI in increased data enrichment, retention, and correlation.

Managing director Gianmarco Biagi said this development highlighted Vection’s reputation within the defence sector.

“This $4 million extension highlights the confidence our partners have in Vection’s capacity to deliver advanced, AI-driven solutions for national security requirements,” he said.

“As we build upon the original scope with AI and additional XR elements, our team remains dedicated to providing robust, scalable, and compliant technologies that address the evolving challenges of the defence sector.”

At 12:42 AEDT Vection shares were trading at 3.4 cents – a rise of 6.25% since the market opened.

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Etherstack signs US$1.2M deal with telecom giant AT&T, shares jump 12% https://themarketonline.com.au/etherstack-signs-us1-2m-deal-with-telecom-giant-att-shares-jump-12-2025-01-22/ Wed, 22 Jan 2025 04:10:15 +0000 https://themarketonline.com.au/?p=735363 Etherstack Plc (ASX:ESK) has seen its share price rise more than 12% after the wireless technology company signed a US$1.2 million deal with the world’s largest telecom carrier, AT&T, to supply wireless network equipment and associated services.

The two have been collaborating since 2021 on AT&T’s FirstNet project; described as the largest mission-critical push-to-talk project in the world.

CEO David Deacon said the deal reflected Etherstack’s reputation and growth.

“This direct award with AT&T for one of our innovative products in a rapidly evolving public communications product area is testament to Etherstack’s capability in building the best products for the world’s largest telco operators and switch vendors,” he said.

“We look forward to updating our shareholders in the near future with further good news.”

At the same time, Etherstack confirmed a repeat contract for the provision of Etherstack digital radio technology for a mine site in Western Australia.

This contract – valued at A$519,000 (or US$327,000) – was for Radlink Communications, a Western Australia-based systems integrator and a long-term Etherstack customer.

Additionally, it was the eighth Etherstack contract to provide services for a mine site run by the same iron ore producer – the world’s largest.

Etherstack last traded at 31cps after its 12.73% value jump.

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WhiteHawk renews cybersecurity contract with top social media player for $2.4M https://themarketonline.com.au/whitehawk-renews-cybersecurity-contract-with-top-social-media-player-for-2-4m-2024-12-13/ Fri, 13 Dec 2024 02:00:21 +0000 https://themarketonline.com.au/?p=730447 Cybersecurity exchange company WhiteHawk Ltd (ASX:WHK) has renewed a contract for Third-Party Risk Management (TPRM) with an unnamed top-five global social media company to the tune of US$2.4 million.

The contract – which will run for two years for US$1.2M per year – involves WhiteHawk’s provision of third-party risk platform operations, architecture and cyber risk services, and cyber risk data integration services.

The third-party risk platform operations aspect will involve processes such as general operations, configuration and tuning of the platform, and onboarding and offboarding of third-party vendors for monitoring, alerting, assessment, and analytics.

Executive chair of WhiteHawk Terry Roberts said the contract renewal was a testament to the company’s high standards of work.

“Thanks to the excellent work of the WhiteHawk Team, this renewal for two years is both impactful and impressive,” he said.

“We look forward to further advancing our client’s next-generation Third Party Risk Management Program, thereby enabling the Digital Age Resilience of this global corporation.”

At 12:28 AEDT, WhiteHawk shares were trading flat at one cent.

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Pro Medicus signs landmark $330M deal to roll out imaging platform in US hospitals https://themarketonline.com.au/pro-medicus-signs-landmark-330m-deal-to-roll-out-imaging-platform-in-us-hospitals-2024-11-28/ Thu, 28 Nov 2024 04:20:28 +0000 https://themarketonline.com.au/?p=727737 Pro Medicus Ltd (ASX:PME) has signed a $330 million contract with one of the United States’ largest not-for-profit health care systems for delivery of an integrated diagnostic imaging platform built around several of PME’s key products.

The contract – which will stretch over 10 years – was signed between PME subsidiary Visage Imaging and Trinity Health, which is responsible for 93 hospitals, 107 continuing care locations, 142 urgent care locations, and various other services across 26 U.S. states.

It will involve the implementation of the company’s cloud-based Visage 7 Enterprise Imaging Platform, including Visage 7 Open Archive and Visage 7 Workflow modules across Trinity’s health care system, following a transactional licensing model.

As part of this process, Visage will help Trinity migrate from its legacy PACS system (made up of 9 vendors) to Visage Open Archive. Enterprise distribution of images will be provided by Visage 7 to Trinity’s electronic health record (EHR).

PME chief executive Dr Sam Hupert said the contract was an important step in boosting awareness of the company’s products.

“Trinity Health is our largest customer to date and the first with a national footprint,“ he said.

“Our initiative with Trinity Health is noteworthy for its’ scope and scale which will see the Visage 7 platform used by over 650 Radiologists and thousands of clinicians who will benefit from the proven differentiation of Visage 7.”

PME shares have moved upwards following the news, and at 15:08 AEDT, they were trading at $245.35 – a rise of 7.42% since the market opened.

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Droneshield shares move up on $13.5M US govt contract https://themarketonline.com.au/droneshield-shares-move-up-on-13-5m-us-govt-contract-2024-10-08/ Mon, 07 Oct 2024 23:58:29 +0000 https://themarketonline.com.au/?p=717842 Artificial intelligence-based defense technology designer Droneshield Ltd (ASX:DRO) has seen its share price spike up more than 4% on news of a $13.5 million contract from a US government customer for its dismounted Counter-UxS (or C-UxS) systems.

The contract was for a repeat order of the C-UxS systems – which target multi-domain aerial, ground and maritime surface drones – with the product delivery and cash receipt both factored into for completion by the end of 2024.

Droneshield director of Business Development Tom Branstetter said the contract was evidence of client confidence in the company’s suite of drone defense products.

“DroneShield’s ability to rapidly deliver high-performance, lifesaving technology at this scale sets us apart in the counter-UAS industry, empowering our clients with cutting-edge solutions precisely when they need it,” he said.

At 10:49 AEDT, shares in Droneshield were trading at $1.40 – a rise of 4.89% since the market opened.

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DroneShield (ASX:DRO) secures top secret multi-million dollar counterdrone deals https://themarketonline.com.au/droneshield-asxdro-secures-top-secret-multi-million-dollar-counterdrone-deals-2023-01-10/ Tue, 10 Jan 2023 04:55:55 +0000 https://themarketherald.com.au/?p=597934 DroneShield (DRO) shares are soaring on news it has secured two separate $11 million orders from allied defence customers for its counterdrone systems over the past month.

DroneShield has been working on Ukraine’s side since the country was invaded by Russia in February last year.

The company’s technology has been used to fight drones used for reconnaissance, directing artillery strikes and dropping charges. The conflict has been the first to highlight the potential of drones on the modern day battlefield.

But DroneShield’s deployment in Ukraine is not the only reason it’s hit its straps and secured these contracts with government agencies – the details of which remain secret due to defence sensitivities.

The company also has been recommended by the US military for the rollout of systems across America’s Department of Defence. It’s also been deployed in its first US airport (there are 10,000 airports in the US alone), its DroneGun featured in the recent Brazil Presidential inauguration, and gained numerous $1 million-plus deployments with US, European and other government customers.

DroneShield CEO and Managing Director Oleg Vornik said demand for the company’s counterdrone equipment and software-as-a-service offerings has now become mainstream.

“It’s also about preventing the smuggling of contraband into prisons, stopping cross border drug deliveries, drone disruptions to airports and other critical infrastructure, corporate espionage, domestic terrorism and more,” he said.

“It’s a $10 billion market that we’re tapping into with DroneShield, which provides pure-play exposure to the counterdrone and electronic warfare sectors, at a time when defence and security spending is increasing amidst global geopolitical uncertainties.”

DroneShield owns all its Intellectual Property, it’s operating in about 100 countries, and Mr Vornik says the company’s well placed to service more larger-value orders, many of which represent recurring-revenue opportunities.

“We do not require additional cap ex because the business, by nature, does not require expensive machinery,” he said. “We have developed sophisticated systems that we are now using to put together the hardware and software that we sell.”

“We’ve had record revenues every year since we listed on the ASX in 2016 and we expect another year of exceptional growth.

“Importantly, we expect to reach a profitable cashflow-positive position.”

Late last year DroneShield received a $3.7 million investment from Epirus Inc, a US defence unicorn developing software-defined directed energy systems.

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