AML3D Wins Defence Contract To Provide Marine Test Parts

AML3D Ltd has won a contract with the Australian Government Defence Science and Technology Group (DSTG) to provide components for testing in marine applications.

The A$0.24 million contract requires AML3D to 3D metal print two representative marine components using a nickel aluminium bronze (NAB) alloy and high-strength duplex steel alloy.

Manufacturing of the test components will start immediately at AML3D’s facility in Adelaide for delivery during FY24.

Complementing strong US growth

The new contract demonstrates AML3D’s continuing success in diversifying into additional global defence markets, to complement the strong US growth.

AML3D’s US ‘Scale up’ strategy has secured close to A$12 million of contracts in CY2023.

Specifically, the company focuses on supporting the US Navy’s submarine industrial base.

AML3D is leveraging its US playbook to accelerate entry into additional defence markets to meet the growing demand for advanced manufacturing solutions.

Marine defence testing passed

AML3D CEO Sean Ebert said: “It is very exciting to be directly supplying test NAB and Duplex steel components to the DSTG, which is tasked with assessing the best of Australian science, technology and innovation to address Australia’s Defence and national security challenges.”

Ebert noted that AML3D’s NAB and duplex steel have passed multiple rounds of marine defence testing in the US and Australia.

A$3.9 million rights issue

Earlier this month, AML3D launched a rights issue to raise up to A$3.9 million at a price of A$0.05 per new share.

The new funds will be used to establish an Ohio-based manufacturing facility that will house AML3D’s US headquarters.

AML3D will also invest in software and technology for its Wire-Arc Additive Manufacturing solutions.

Indicative timetable.

 

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