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An announcement from Orbital Corporation Limited ( (AU:OEC) ) is now available.
Orbital Corporation Limited has responded to a query from the ASX regarding recent trading activity in its shares, stating it is unaware of any undisclosed information that could explain the trading fluctuations. The company highlighted recent leadership changes, including the appointment of Stephen Pearce as CEO to lead its transition to a fully integrated UAV propulsion systems manufacturer, and the hiring of Steve Osborne as Head of Business Development for the US and Europe, to strengthen its market position in the global defense aerospace sector.
More about Orbital Corporation Limited
Orbital Corporation Limited operates in the aerospace and defense industry, focusing on the development and manufacturing of propulsion systems and related hardware for tactical Unmanned Aerial Vehicles (UAVs). The company is transitioning from engineering design to becoming a fully integrated manufacturer, with a market focus on the growing UAV defense sector.
Average Trading Volume: 242,460
Technical Sentiment Signal: Hold
Current Market Cap: A$25.54M
For detailed information about OEC stock, go to TipRanks’ Stock Analysis page.