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AML3D Ltd ( (AU:AL3) ) just unveiled an announcement.
AML3D Limited has inaugurated a new advanced manufacturing facility in Stow, Ohio, marking a significant step in enhancing America’s defense manufacturing capabilities. This facility, which supports the U.S. Navy’s Virginia-class submarine program, utilizes AML3D’s proprietary wire-arc additive manufacturing technology to produce critical components, thereby reducing production timelines and costs. The establishment of this facility is a strategic move to bolster the AUKUS partnership and is expected to create local employment opportunities while strengthening the defense industrial base. The Ohio facility is part of AML3D’s broader U.S. expansion strategy, positioning the company for growth in submarine production, aerospace manufacturing, and energy infrastructure projects.
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 that specializes in metal additive manufacturing. It has developed a patented Wire Additive Manufacturing (WAM®) process to 3D print large-scale metal parts for various industries, including Aerospace, Defence, Maritime, Manufacturing, Mining, and Oil & Gas. The company operates a Technology Centre in Adelaide, Australia, and offers the ARCEMY® industrial metal 3D printing system.
Average Trading Volume: 1,365,885
Technical Sentiment Signal: Hold
Current Market Cap: A$72.59M
For detailed information about AL3 stock, go to TipRanks’ Stock Analysis page.