AML3D jumps on purchase contract with Bae Systems Australia
26/10/2022 05:08
** Shares of AML3D Ltd AL3.AX rise as much as 4.4% to
A$0.094, their biggest intraday pct gain since Oct 18
** Contract manufacturing services co says purchase contract
for WAM manufactured prototype parts signed with Bae Systems
Australia for delivery in 4Q2022 urn:newsml:reuters.com:*:nASX1WqPPz
** AML3D has developed and patented a Wire Additive
Manufacturing process that metal 3D prints commercial,
large-scale parts for Aerospace, Defence, Maritime,
Manufacturing,Mining and Oil & Gas
** Co adds prototype parts will support BAE Systems
Australia's contract with the Australian Department of Defence
to design and build nine Hunter class frigates for the Royal
Australian Navy
** More than 96,000 shares change hands, vs the 30-day
average volume of 92,000 shares
** Stock has fallen 35.71% this year as of last close
(Reporting By Udbhav Krishna P in Bengaluru)
((UdbhavKrishna.P@Thomsonreuters.com))