AML3D Expands to UK Defence Market with Alloy Test Contract
| Stock | AML3D Ltd (AL3.ASX) |
|---|---|
| Release Time | 15 Apr 2025, 9:13 a.m. |
| Price Sensitive | Yes |
AML3D Expands to UK Defence Market with Alloy Test Contract
- Initial contract with BAE Systems for material feasibility program
- Sourcing 8.5 tonnes of Nickel Aluminium Bronze (NAB) alloy feedstock
- Entry into UK Defence market is key part of next phase of growth strategy
AML3D Limited (ASX:AL3) has announced a A$0.83 million contract with BAE Systems, under which AML3D will source 8.5 tonnes of Nickel Aluminium Bronze (NAB) wire feedstock. This contract represents the initial steps in AML3D's plan to leverage its manufacturing capacity within Australia, following the opening of its U.S. manufacturing facility in December, to support the U.K. and Australia Defence markets. AML3D CEO Sean Ebert stated that the company has been developing its relationship with BAE Systems for over a year, and this contract is planned to be just the first of many as AML3D expands into the U.K. Defence sector. Beyond the BAE Systems contract, AML3D is also developing opportunities with other companies supporting the U.K. Defence sector. While winning Defence contracts can take time, the CEO expressed confidence that the company will be able to announce additional orders from the U.K. and Australian defence sectors to complement the momentum it is seeing in the U.S.
AML3D is moving into the next phase of its growth strategy, which includes leveraging the extraordinary growth and demand it is experiencing within the U.S. Navy's Submarine Industrial Base to expand into the Australia and the U.K Defence sectors. The company is confident that it will be able to announce additional orders from the U.K. and Australian defence sectors to complement the momentum it is seeing in the U.S.