The ballistics and technology firm, XTEK (ASX:XTEK), announced that its HighCom Armor Solutions Inc department has received a crucial $1.41 million body armor order from an overseas client.

The company is also concurrently entering negotiations for several more orders of similar sizes.

The firm saw a significant increase in activity, with around 481,952 shares traded, outstripping the 30-day average volume of 219,513 shares.

Despite this positive news, XTEK’s stock has experienced a 34% decline this year as of last close, contrasting with the 0.7% rise in the S&P/ASX 200 index.

XTEK (ASX:XTEK) is a company specializing in ballistics and technology, highlighted by its recent significant body armor order.