KTEK Aerosystems surges 107% on ASX debut. The Israeli-backed drone technology company listed at 20 cents per share on Monday and climbed to 41.5 cents during lunchtime trades, marking one of the more successful IPO launches in recent memory. The strong market reception reflects growing investor appetite for defence and aerospace stocks amid geopolitical tensions and the broader remilitarisation thematic. Regal Funds Management backed the listing alongside other institutional investors. The surge comes as competitors like Droneshield face headwinds, with that stock down 4% on the day. Electro Optic Systems also continues trading below recent highs. KTEK's performance demonstrates market confidence in drone technology as a critical frontier for modern defence capabilities.
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