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The latest update is out from AML3D Ltd ( (AU:AL3) ).
AML3D Limited has secured a significant order worth approximately $4.5 million for two custom ARCEMY® systems from Newport News Shipbuilding, a division of HII, the largest military shipbuilder in the United States. This order marks the 9th and 10th ARCEMY® systems deployed to support the U.S. Navy’s Maritime Industrial Base, further solidifying AML3D’s presence in the defense sector. The integration of AML3D’s advanced additive manufacturing technology by HII aims to reduce lead times and offer alternatives to traditional manufacturing techniques, enhancing AML3D’s positioning in the U.S. and potentially expanding its footprint into European defense markets.
The most recent analyst rating on (AU:AL3) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on AML3D Ltd stock, see the AU:AL3 Stock Forecast page.
More about AML3D Ltd
AML3D Limited, founded in 2014, is a publicly listed technology company specializing in metal additive manufacturing. The company utilizes its patented Wire Additive Manufacturing (WAM®) process to disrupt traditional metal part supply chains. AML3D is the original equipment manufacturer of ARCEMY® industrial metal 3D printing systems, which provide efficient, cost-effective, and environmentally friendly manufacturing solutions across various industries including aerospace, defense, maritime, manufacturing, mining, and oil & gas.
Average Trading Volume: 3,774,071
Technical Sentiment Signal: Buy
Current Market Cap: A$135.4M
For an in-depth examination of AL3 stock, go to TipRanks’ Overview page.