Aurora Labs Ltd. (AU:A3D) has released an update.
Aurora Labs Ltd has secured a $319,000 contract with the Australian Department of Defence to develop a 3D printed aircraft propulsion system, underscoring its leadership in additive manufacturing. This contract will enhance Aurora’s capabilities in producing high-performance, locally manufactured propulsion systems, particularly for unmanned aerial systems. The project not only promises innovation in defence technology but also offers commercial opportunities through the development of new intellectual property.
For further insights into AU:A3D stock, check out TipRanks’ Stock Analysis page.