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Titomic Ltd ( (AU:TTT) ) has issued an announcement.
Titomic Limited has secured an Early Manufacturing Development (EMD) contract valued at USD 1.7 million with a leading defense prime contractor. This collaboration aims to develop innovative manufacturing approaches to accelerate production and improve supply-chain resilience for next-generation defense articles. The contract, to be fulfilled by mid-2026, will leverage Titomic’s proprietary cold-spray additive manufacturing systems, enhancing the company’s role as a strategic supplier in defense modernization initiatives.
The most recent analyst rating on (AU:TTT) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Titomic Ltd stock, see the AU:TTT Stock Forecast page.
More about Titomic Ltd
Titomic Limited is a leading American manufacturing company specializing in industrial-scale metal additive manufacturing, coating, and repairs using its patented Titomic Kinetic Fusion™ cold spray technology. The company provides OEM production and R&D services to industries such as Aerospace, Defense, Shipbuilding, Oil & Gas, Mining, and Automotive, with operations based in Huntsville, Alabama, and additional presence in Australia and Europe.
YTD Price Performance: 7.89%
Average Trading Volume: 3,060,671
Technical Sentiment Signal: Hold
Current Market Cap: A$322.3M
Learn more about TTT stock on TipRanks’ Stock Analysis page.