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Matrix Composites & Engineering Ltd ( (AU:MCE) ) has shared an update.
Matrix Composites & Engineering Ltd has secured a new contract valued at approximately A$35 million for supplying subsea components for an international energy project. This contract, awarded by a large multinational energy services contractor, will utilize Matrix’s advanced production facility in Henderson, Western Australia, with production starting in the December 2025 quarter and completion by the end of the 2026 financial year. This achievement highlights Matrix’s ongoing success in the global market, reinforcing its reputation as a reliable supplier and positioning the company for growth in the subsea industry.
The most recent analyst rating on (AU:MCE) stock is a Buy with a A$0.44 price target. To see the full list of analyst forecasts on Matrix Composites & Engineering Ltd stock, see the AU:MCE Stock Forecast page.
More about Matrix Composites & Engineering Ltd
Matrix Composites & Engineering specializes in the design, engineering, and manufacture of composite and advanced material technology solutions for industries such as oil and gas, civil and infrastructure, resources, defense, and transportation. With over 20 years of experience, Matrix is recognized as an industry leader and a major exporter of Australian goods and services, serving a global clientele from its headquarters in Australia and offices in the United States.
YTD Price Performance: 4.17%
Average Trading Volume: 417,872
Technical Sentiment Signal: Hold
Current Market Cap: A$55.95M
For detailed information about MCE stock, go to TipRanks’ Stock Analysis page.