Shares in PPK Group (ASX:PPK) have experienced a significant increase, rising by as much as 5.7% to A$1.385.

This is the company’s highest level of performance since August 4th.

The surge comes after the announcement that Craig International Ballistics, in which the group has a 45% stake, has secured nearly A$9.7 million in new orders.

The group disclosed these orders were requested by a military customer needing a variety of personal body armor products.

Despite this stride, the group’s stock is down by approximately 8% Year-To-Date, as of its last close.

PPK Group is a technology company specializing in the incubation and commercialization of various technologies.