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Boresight Ltd (ASX:BST)

ALERT: Price-sensitive ASX Announcement for BST
Current share price for BST : $0.355 0.01 (2.90%)+
Announcement
Release
20 Jul 2026 8:20AM
Price at Release
$0.345
Full Release
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Summary
Boresight Ltd has signed a lease for a new manufacturing facility in Huntsville, Alabama, significantly expanding their US production capabilities. The new facility, which is 15 times larger than the existing site, will enable Boresight to manufacture over 5000 BQ-400 aerial target drones per year to meet growing demand in the US. This strategic move supports a 'Made in the USA' positioning and reduces risks associated with import tariffs. Huntsville's status as a defense industry hub and the planned hiring of additional staff will further enhance Boresight's operational efficiency and market presence. The Australian facility will continue to cater to non-US markets and drive innovation.
Key Points
  • Boresight Ltd signed a lease for a new 812m² manufacturing facility in Huntsville, Alabama.
  • The new facility is 15 times larger than the current site and aims to expand manufacturing capacity for aerial target drones.
  • This expansion supports a 'Made in the USA' positioning, reducing exposure to import tariffs.
  • The facility will initially produce more than 5000 BQ-400 aerial target drones annually.
  • Boresight plans to produce all its drone offerings for the US market at this facility.
  • The move aims to meet growing US demand and leverage economies of scale to reduce costs.
  • Huntsville is a significant US defense industry hub, beneficial for Boresight's operations.
  • Additional hires for sales and technical roles are planned to support the expanded facility.
  • The Australian facility will continue to serve non-US markets and act as the global innovation hub.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.