BUZZ — Australia's KTEK Aerosystems hits over one — month high on Israeli defence contract

* Shares of Australia's KTEK Aerosystems rise as much as 38.6% to A$0.243, their highest level since August 12 * Stock set for its strongest session since early June, if current trend holds * Aerospace components maker receives a binding US$200,000 purchase order from a major Israeli defence and aerospace company * Co says the order is the first milestone of a quoted $994,100 work package covering the design and development of an airframe component * Adds, the project could lead to additional engineering work worth up to $5 milion and potentially future manufacturing and supply opportunities (Reporting by Paridhi Minda in Bengaluru) ((Paridhi.minda@thomsonreuters.com;)