Aurora Labs Ltd. ( (AU:A3D) ) just unveiled an announcement.
Aurora Labs Ltd has successfully completed the design, build, and test phase of its AU4 micro gas turbine, a 40kg thrust engine optimized for UAV propulsion systems. This achievement positions the company to capitalize on the growing demand for UAVs, driven by increased defense budgets and international conflicts. Aurora is engaging with global defense clients and preparing for scaled production by mid-2025, aiming to establish its micro gas turbines as a benchmark in the industry. The AU4’s design leverages additive manufacturing for enhanced performance, efficiency, and scalability, making it a competitive option in the rapidly evolving aerospace market.
More about Aurora Labs Ltd.
Aurora Labs Ltd is a leader in additively manufactured attritable propulsion technologies, focusing on the aerospace industry. The company specializes in 3D printed micro gas turbines, which are designed for use in unmanned aerial vehicles (UAVs) and other aerospace applications.
YTD Price Performance: -27.50%
Average Trading Volume: 14,709
Technical Sentiment Signal: Sell
Current Market Cap: €15.55M
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