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An announcement from Aurora Labs ( (AU:A3D) ) is now available.
Aurora Labs Limited has been awarded a $544,333 Defence Industry Development Grant under the Sovereign Industrial Priorities Stream to enhance its production capabilities for gas turbine propulsion systems. This funding will support the acquisition of advanced manufacturing equipment, enabling the company to scale production for defence aerospace and maritime applications at its Canning Vale facility. The grant will assist Aurora in vertically integrating its production processes onshore, reducing reliance on foreign supply chains, and strengthening Australia’s defence capabilities. This development positions Aurora to meet growing demand for its propulsion systems in the defence sector, supporting the country’s strategic autonomy.
More about Aurora Labs
Aurora Labs Limited is an industrial technology and innovation company specializing in the provision of 3D metal printed parts for Defence, Oil and Gas, and Resources applications. The company also develops 3D metal printers, powders, and associated intellectual property. Aurora Labs is listed on the Australian Securities Exchange (ASX: A3D).
Average Trading Volume: 412,426
Technical Sentiment Signal: Sell
Current Market Cap: A$18.39M
See more data about A3D stock on TipRanks’ Stock Analysis page.