Orbital Corporation Limited (AU:OEC) has released an update.
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Orbital Corporation Limited, a leader in military drone engine systems, is expanding its production capacity to meet increased global demand, driven by new contracts and enhanced engine models. The company plans to raise $2 million to support this expansion and aims to achieve debt-free status by early 2025. With strong partnerships and innovative technology, Orbital continues to solidify its position in the UAV propulsion market.
For further insights into AU:OEC stock, check out TipRanks’ Stock Analysis page.
