archTIS Ltd's Daniel Lai paints a picture of a $7 million defence contract the company's just inked with the Australian Department of Defence. The new contract will expand and enhance AR9's on-premises deployment of Kojensi, a certified platform that helps defence personnel access, share and collaborate on sensitive and classified information. This is the largest sale in the company’s history and will see it receive A$3.44 million in recurring revenue over a two-year period, as well as A$3.59 million for services, support and hardware. Lai says the deal forms a large part of the tech stock's mission to target global defence agencies and the broader defence industry.
archTIS nabs $7 million defence contract; largest in company history
