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The latest announcement is out from AML3D Ltd ( (AU:AL3) ).
AML3D Limited announced its successful delivery of Copper-Nickel tailpiece components for the U.S. Navy’s Virginia-Class nuclear submarine program, as part of the AUKUS partnership. These components, produced using AML3D’s proprietary additive manufacturing technology, were manufactured in less than five weeks, significantly faster than the traditional 17-month process. This advancement not only enhances production efficiency and component quality but also strengthens the trilateral AUKUS supply chain. The initiative highlights the role of Australian suppliers in supporting critical supply chain needs for U.S. submarines and represents a significant opportunity for Australia’s industry in the context of the AUKUS partnership.
More about AML3D Ltd
AML3D Limited is a publicly listed technology company founded in 2014 that specializes in metal additive manufacturing. The company has developed and patented the Wire Additive Manufacturing (WAM®) process, which 3D prints large-scale metal parts for industries including Aerospace, Defence, Maritime, Manufacturing, Mining, and Oil & Gas. AML3D offers parts contract manufacturing from its Technology Centre in Adelaide, Australia, and produces ARCEMY®, an industrial metal 3D printing system that incorporates IIoT and Industry 4.0 technologies.
YTD Price Performance: 8.33%
Average Trading Volume: 3,350,764
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$104.8M
See more data about AL3 stock on TipRanks’ Stock Analysis page.