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Orbital Corporation Limited ( (AU:OEC) ) just unveiled an update.
Orbital UAV and Carbonix have signed a Memorandum of Understanding (MOU) to integrate Orbital’s heavy fuel engine into Carbonix’s Ottano UAV platform. This collaboration aims to enhance the performance, reliability, and endurance of the Ottano platform for long-range and Beyond Visual Line of Sight operations, reinforcing both companies’ commitment to advancing Australian sovereign capability in aerospace and defense manufacturing.
The most recent analyst rating on (AU:OEC) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Orbital Corporation Limited stock, see the AU:OEC Stock Forecast page.
More about Orbital Corporation Limited
Orbital UAV provides integrated propulsion systems and flight critical components for tactical uncrewed aerial vehicles (UAVs), focusing on long endurance and high reliability requirements. With offices in Australia and the United States, Orbital UAV serves a prestigious client base in the UAV market.
Average Trading Volume: 1,024,219
Technical Sentiment Signal: Hold
Current Market Cap: A$33.13M
Find detailed analytics on OEC stock on TipRanks’ Stock Analysis page.