PWR Holdings rose 6.3% after securing a US$9.1 million (about A$13.5 million) follow-on contract to supply advanced cooling solutions for a US government project.
The new order follows PWR’s ongoing delivery under the previous contract announced to the ASX on January 14, 2025 and supports the company’s position on the program as it moves toward full-rate production.
Most deliveries under the latest contract are expected to occur in FY 2027, with the broader project set to run for multiple years, subject to forecast demand, US fiscal-year funding and PWR’s performance.
"PWR announced the initial US$5.5 million order for this project in January 2025 and securing a follow-on order reflects the successful delivery of that first phase and demonstrates our ability to execute reliably and adapt to evolving program requirements on complex projects," acting chief executive officer Matthew Bryson said. "Continued delivery on this platform supports PWR’s growing reputation as a leader in advanced cooling technology for Aerospace and Defence applications."