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Orbital Corporation Limited ( (AU:OEC) ) has provided an announcement.
Orbital Corporation Limited reported its quarterly activities, highlighting the production and delivery of engines across several key markets, including the USA, Singapore, Vietnam, and India. The company delivered 29 engines in the past six months and expects to deliver 39 more in the latter half of the financial year. Additionally, Orbital is advancing the development of a larger internal combustion engine, with prototype testing slated for Q4. The company also achieved a debt-free status following the repayment of a government loan and received significant R&D grant funds, signaling a strong financial position and potential growth in its engineering programs.
More about Orbital Corporation Limited
Orbital Corporation Limited, known as Orbital UAV, specializes in providing integrated propulsion systems and flight-critical components for tactical uncrewed aerial vehicles (UAVs). Their patented technology is designed to meet the UAV market’s demands for long endurance and high reliability, with operations based in Australia and the United States.
YTD Price Performance: 30.0%
Average Trading Volume: 1,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $11.28M
For detailed information about OEC stock, go to TipRanks’ Stock Analysis page.
