NextPlat Corp (NXPL, Financial) has announced that its subsidiary, Global Telesat Communications Ltd (GTC), has secured a one-year extension for its contract to provide wireless connectivity services to an African military client. The initial agreement, which involved supplying Iridium Push-To-Talk (PTT) device hardware and airtime services, was awarded in the first quarter of 2024, marking the largest contract of its kind for the company at that time.
The extended contract not only continues the provision of existing services but also opens up opportunities for future purchases of additional hardware and annual airtime services. Importantly, the sales of all hardware and airtime services under this agreement are not affected by any newly introduced U.S. tariffs.
