Friday, November 15, 2024
6.2 C
New York

AML3D: Secures $1m sale to US defence industry

AML3D Secures $1m sale to US defence industry

  • AML3D (AL3) secures a $1 million sale from the US Department of Defense (DoD) to support Navy submarine industry base programs
  • The company sold its ARCEMY X-Edition 6700 Wire Arc Additive Manufacturing product to support the US Navy’s adoption of Wire Arc 3D printing tech
  • The ARCEMY order was placed by BlueForge Alliance, a US DoD intermediary supporting the acceleration of advanced manufacturing technologies across the US defence industrial base
  • AL3 says the sale opens the door for an expansion of its partnership with the US Navy, with a new contract for metal characterisation testing expected in Q3 2023
  • The company shares are soaring 41.43 per cent to trade at 10 cents at 1:36 pm AEDT

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...
Exit mobile version