Starburst Holdings, which specialises in building shooting ranges, has won contracts worth $4.7 million from two customers.
Under terms of the contracts, the company will supply, deliver and install range equipment and specialist works for firearms training facilities in Southeast Asia and the Middle East and North Africa.
According to Starburst, work has already commenced on these contracts and they are due for completion by August 2022.
See also: Starburst subsidiary secures firearms training facility contract worth $6.4 mil
The contracts are not expected to have material impact on the net tangible assets and earnings per share of the company for the year ending Dec 31 2021.
Starburst last traded at 20 cents.
