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FBR Limited ( (AU:FBR) ) has shared an announcement.
FBR Limited has secured a binding conditional purchase order worth A$990,000 from Louisiana-based dealer State Machinery & Equipment Sales for a Mantis welding robot to be used in barge manufacturing on the Mississippi River, with delivery expected in the second half of calendar 2026. The sale is contingent on Mantis successfully completing a factory acceptance test in Western Australia that verifies its welding speed and quality against AWS D1.1 standards, after which staged payments will be made and FBR will provide installation and training, underscoring early commercial demand for Mantis even in its prototyping phase and marking a strategic entry into the US heavy fabrication market.
The most recent analyst rating on (AU:FBR) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on FBR Limited stock, see the AU:FBR Stock Forecast page.
More about FBR Limited
FBR Limited is an Australian robotic technology company that designs, develops and builds dynamically stabilised robots for outdoor applications using its proprietary Dynamic Stabilisation Technology. Its product suite includes the Hadrian bricklaying robot, which delivers wall construction services and can be purchased by builders, and the Mantis high-deposition welding robot targeting large-scale metal fabrication sectors such as mining, shipbuilding and defence manufacturing.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$26.98M
For a thorough assessment of FBR stock, go to TipRanks’ Stock Analysis page.