Business news

    AML3D (ASX:AL3) wins $240,000 defence contract for 3D metal-printed marine components

    Article Image

    AML3D secured a $240,000 contract with the Australian Government's Defence Science and Technology Group to supply 3D metal-printed test components for marine applications.

    The contract involves producing nickel, aluminium, bronze, and high-strength duplex steel alloy components, with manufacturing starting immediately for FY24 delivery.

    The move diversifies AML3D's offerings into marine defence markets, complementing its growth in the US.

    The agreement aligns with the strategic goal of leveraging US market penetration to excel in new defence markets worldwide.

    Disclaimer

    Grafa is not a financial advisor. You should seek independent, legal, financial, taxation or other advice that relates to your unique circumstances. Grafa is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on the information provided directly or indirectly by use of this platform.

    Publisher
    Grafa