Australia's AML3D jumps most in over a week on US defense contract
12/09/2023 01:52
** Shares of AML3D Ltd AL3.AX rise as much as 8.1% to
A$0.080, their biggest intraday pct jump since Sept 1
** The technology co signs circa A$0.35 mln
($224,735.00)contract with BlueForge Alliance for U.S. Navy's
submarine programme
** Says contract is for development and testing of 3D
printed copper-nickel components
** Says co has an agreed total of A$5.1 mln of U.S. Defense
contracts to date in CY23
** Co remains confident additional contracts will be
executed during the remainder of 2023
** AL3 stock down 5.1% YTD, as of last close
($1 = 1.5574 Australian dollars)
(Reporting by John Biju in Bengaluru)
((John.Biju@thomsonreuters.com;))