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Orbital Corporation Limited ( (AU:OEC) ) has provided an announcement.
Orbital UAV is expanding its product portfolio and market reach, developing a new 350cc engine and a Power Management Unit to enhance its offerings for Tier 2 military and Tier 1 commercial customers. The company is targeting growth through its Partnership Program, Mission-Ready Engines, and In-Service Support Expansion, aligning with global trends in UAV demand driven by increased payload requirements and regulatory changes. Despite some procurement process pauses in the US, Orbital is well-positioned to capitalize on upcoming defense spending and platform development opportunities.
More about Orbital Corporation Limited
Orbital Corporation Limited, trading as Orbital UAV, is a leader in Integrated Propulsion Systems (IPS) for the tactical uncrewed aerial vehicle (UAV) market. The company focuses on designing, manufacturing, and supporting high-performance engines for UAVs, with a product range that includes heavy fuel engines for Group 2 & 3 Tactical UAVs. Orbital serves a geographically diverse customer base, including markets in South-East Asia, the USA, and the UK, and is expanding into the Middle East.
Average Trading Volume: 385,385
Technical Sentiment Signal: Buy
Current Market Cap: A$44.49M
See more insights into OEC stock on TipRanks’ Stock Analysis page.
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