Business
The Archtis (ASX:AR9) share price is lifting today. Here’s why
The Archtis Ltd (ASX: AR9) share price is climbing today after the software security provider announced a contract renewal with the Australian Department of Defence.
At the time of writing, the archTIS share price is edging 0.6% higher to 30.7 cents.
What’s pushing the archTIS share price higher?
According to this morning’s release, the Australian Department of Defence has renewed its annual software subscription licence with archTIS’ subsidiary, Nucleus Cyber.
archTIS completed the acquisition of Nucleus Cyber in December last year for $9.75 million.
Under the deal, Nucleus Cyber will continue to provide its NC Protect product to the Defence Department. The contract value for the year-long licence is $148,866.
The NC Protect…
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