Windward Ltd shares jumped on Thursday, after it announced numerous contract wins and said it is trading in line with market expectations for 2023.

Shares in the Tel Aviv, Israel-based maritime predictive intelligence company were up 16% to 72.50 pence each in London on Thursday morning.

Windward said the second half usually sees a high level of US governmental contracting activity due to budgetary cycles, and that this pattern has repeated this year, with the winning of two additional US government customers.

It added that the Rest of World Government segment has also performed well, with four new contracts.

Further, it has renewed its contract with the Nigerian government, as expected. This has added $1 million of annual contract value per year over three years, the company noted.

Co-Founder & Chief Executive Ami Daniel said: ‘The need for greater visibility across all facets of the maritime industry is driving adoption of our maritime AI platform, both in the public and commercial markets. Having built a robust, global SaaS business, an international sales team and a growing, blue chip customer base, we are confident in maintaining momentum into Q4, trading comfortably in line with FY23 market expectations.’

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