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Orbital Corporation Limited ( (AU:OEC) ) just unveiled an update.
Orbital UAV has announced a trio of moves that deepen its role in the global unmanned systems market, spanning heavy-lift logistics drones and tactical military platforms. The company continues to pursue a strategy of pairing engine supply with diagnostics and in-country sustainment to secure long-term participation in key defence UAV programs.
The group has secured an initial order from Australian heavy-lift drone maker Freespace Operations to supply a 150HFE heavy-fuel engine as a hybrid range extender for its Callisto 50 and 75 platforms, which are undergoing maritime logistics trials with the Royal Australian Navy. The integration is expected to boost endurance from about 40 minutes on batteries to more than three hours, opening a pathway to further propulsion opportunities across the Callisto fleet.
Orbital UAV also received an order from Textron Systems for 10 FlexDT diagnostic units to support Aerosonde 4.7 Group 3 UAVs in service with U.S. and international militaries, underscoring the growing value of engine data, fault visibility and maintenance analytics in sustaining deployed fleets. In parallel, the company signed a memorandum of understanding with Norway’s Bertel O. Steen Defence & Security to jointly pursue a NATO-aligned TUAS program based on Textron’s HQ 4.8 platform, with Orbital providing propulsion systems and BOS DS delivering local sustainment from Norway.
While there is no certainty the NATO initiative will translate into a contract, the collaboration positions Orbital UAV within an anticipated NSPA tender supporting Norway, Sweden and other alliance members. Taken together, the engine sale, diagnostics order and European MoU reinforce Orbital’s push to embed its technology and services into high-value defence UAV programs, potentially expanding recurring revenue from both equipment and long-term support if programs proceed as expected.
The most recent analyst rating on (AU:OEC) stock is a Hold with a A$0.14 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 Corporation, trading as Orbital UAV, is an Australian aerospace and defence technology company specialising in propulsion systems for unmanned aerial vehicles. The company develops heavy-fuel engines, diagnostic systems and integrated support and sustainment solutions for tactical and heavy-lift UAV platforms used by military and defence customers globally.
YTD Price Performance: 3.57%
Average Trading Volume: 374,546
Technical Sentiment Signal: Hold
Current Market Cap: A$25.96M
Find detailed analytics on OEC stock on TipRanks’ Stock Analysis page.