The Elsight Ltd (ASX: ELS) share price is pushing higher in midday trade on Thursday.
At the time of writing, shares in the connectivity technology company are up 4.40% to $5.22. Earlier in the week, the stock reached $5.30, marking a new all-time high.
The latest move higher follows Elsight’s announcement of a series of strategic leadership appointments aimed at accelerating global growth.
Let’s take a closer look.
Elsight strengthens global defence leadership
According to the announcement, Elsight has appointed 5 senior business development leaders across key global markets, including the United States, Europe, Israel, and Asia.
Management said the appointments are designed to expand the company’s go-to-market execution as demand for connectivity solutions in defence and unmanned systems programs grows.
The new hires include:
⢠Ryan Garay, Head of US Government & Special Programs
⢠Roi Lupo, Director of Business Development, North America
⢠Ron Kislev, Director of Business Development, UK & NATO Defence
⢠Tobias Willuhn, Business Director, Germany, EU & NATO
⢠Shay Dvir, Director of Business Development, Israel & APAC
Chief Executive Officer Yoav Amitai said the hires reflect the scale of opportunities now emerging for the company.
He explained that demand is increasing for secure, resilient connectivity across autonomous and unmanned systems, particularly in defence markets.
Elsight’s flagship Halo connectivity platform allows drones, robotics, and autonomous systems to maintain reliable communication links even in complex or contested environments.
As military and government agencies increase investment in unmanned technologies, this type of capability is becoming very important.
Strong momentum in defence programs
The company said the leadership expansion follows a period of rapid growth in contract wins during 2025, including successful demonstrations with the US Defense Innovation Unit.
Elsight noted that its Halo platform is increasingly being viewed as a mission-critical communications backbone for next-generation unmanned systems operating in challenging environments.
Management believes expanding its commercial leadership team will help convert a growing pipeline of opportunities into new contracts across allied defence markets.
What is happening with the Elsight share price?
Based on the chart, Elsight shares remain in a strong uptrend.
The stock has surged more than 1,400% over the past 12 months, making it one of the standout performers in the ASX technology sector.
The relative strength index (RSI) is currently around 70, suggesting the stock is approaching overbought territory after its recent rally.
However, momentum remains positive.
The recent all-time high near $5.30 now represents the key resistance level to watch. If shares can break above that level, it could open the door for another leg higher.
On the downside, support appears to be forming around the $4.80 to $5 range. This area previously acted as a consolidation zone earlier in the rally.
What is one broker saying?
Bell Potter currently has a buy rating on Elsight with a price target of $5.80.
Based on the current share price, the stock could deliver another 10% growth over the next 12 months.
Bell Potter believes Elsight’s technology is well-positioned to benefit from rising global demand for unmanned systems. This demand is coming from both defence and commercial markets.
The post Elsight shares climb on rising defence demand. Can the rally continue? appeared first on The Motley Fool Australia.
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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.