Australia's AML3D climbs on bagging Austal USA order

AML3D

17/09/2026 02:29

** Shares of AML3D AL3.AX rise as much as 11.1% to A$0.150, marking their biggest intraday pct gain since August 31
** Shares hit their highest level since September 9
** Tech firm receives A$0.5 million ($354,400.00) order from Austal USA Advanced Technologies for supply of three copper-nickel fluid control components for use in U.S. Navy nuclear submarines
** Co says it expects production, testing and delivery to be completed by Q3 FY27, with the contract payable 50% upfront and 50% on completion
** YTD, stock down 17%, including session's moves 

($1 = 1.4108 Australian dollars)

 (Reporting by Subhalakshmi Dey in Bengaluru)
 ((Subhalakshmi.Dey@thomsonreuters.com;))