AML3D boosts U.S. footprint with FasTech ARCEMY X commissioning

AML3D Ltd ( (AU:AL3) ) just unveiled an announcement.

AML3D has completed the on-time commissioning of a large-scale ARCEMY X 6700 metal 3D printing system for U.S. defence, aerospace and energy supplier FasTech, finalising a roughly A$1.69 million order and triggering the last A$1.18 million payment. Supplied from AML3D’s Stow, Ohio Technology Centre, the installation expands FasTech’s advanced manufacturing capabilities near the U.S. Navy’s Additive Manufacturing Centre and strengthens AML3D’s profile across U.S. industrial supply chains.

The FasTech project showcases AML3D’s ability to parlay its U.S. defence sector traction into adjacent industrial markets, adding to its recent entry into the U.S. energy and utilities sector via a custom ARCEMY X at the Tennessee Valley Authority. To meet growing demand for high-quality, lower-lead-time metal parts, AML3D is investing about A$12 million to double capacity at its Stow facility, reinforcing its push to become a key manufacturing solutions provider in the U.S. market.

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 is an Australian-listed technology company that specialises in metal additive manufacturing using its patented Wire Additive Manufacturing process. As the original equipment manufacturer of ARCEMY industrial metal 3D printing systems, it targets aerospace, defence, maritime, mining, oil and gas and broader industrial markets, offering on-demand, automated production alongside design, software and contract manufacturing services.

Average Trading Volume: 1,964,342

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$99.46M

For a thorough assessment of AL3 stock, go to TipRanks’ Stock Analysis page.