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Amaero International Ltd ( (AU:3DA) ) has provided an update.
Amaero International Ltd has received a Letter of Support from the United States Navy, validating its PM-HIP manufacturing technology as a viable alternative to traditional casting and forging processes. This endorsement highlights the technology’s potential to address long lead times and capacity constraints in the Maritime Industrial Base. The 18-month collaboration with the Navy has demonstrated Amaero’s strong technical capabilities and positions PM-HIP as a critical component in improving the resilience and scalability of domestic manufacturing, particularly in the defense sector. The support from the Navy signifies a significant step towards adopting advanced manufacturing technologies to meet future production goals, such as the three submarine per year target by 2028.
The most recent analyst rating on (AU:3DA) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Amaero International Ltd stock, see the AU:3DA Stock Forecast page.
More about Amaero International Ltd
Amaero International Ltd is a company involved in the manufacturing industry, specifically focusing on PM-HIP (Powder Metallurgy Hot Isostatic Pressing) technology. This technology is used for producing near-net-shape parts and is recognized for its technical capabilities in material behavior modeling, geometric precision, and process advancements. Amaero is focused on addressing supply chain constraints in casting and forging, particularly within the defense sector.
Average Trading Volume: 1,312,899
Technical Sentiment Signal: Sell
Current Market Cap: A$238M
See more insights into 3DA stock on TipRanks’ Stock Analysis page.