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The latest announcement is out from Orbital Corporation Limited ( (AU:OEC) ).
Orbital Corporation Limited is positioned to capitalize on the evolving global UAV market, which is seeing increased payload demands and a shift towards higher-powered propulsion systems. The company is poised to benefit from regulatory changes and the US Army’s interest in increasing the use of uncrewed aircraft. This strategic positioning could enhance Orbital’s market presence and offer significant opportunities for growth in the UAV sector.
More about Orbital Corporation Limited
Orbital Corporation Limited operates in the UAV propulsion systems industry, focusing on supplying Group 2 and 3 UAV propulsion systems. These systems are designed for UAVs with take-off weights up to 600kg and wingspans up to 10 meters, primarily used for surveillance and reconnaissance missions. The company holds proprietary and patented technology for 2-stroke heavy fuel direct air injection and engine management systems, with 30 patents averaging a remaining life of 12 years.
Average Trading Volume: 504,023
Technical Sentiment Signal: Buy
Current Market Cap: A$51.08M
For a thorough assessment of OEC stock, go to TipRanks’ Stock Analysis page.