Australia's AML3D jumps to one-year high on collaboration with U.S. Navy

AML3D

07/07/2025 03:46

** Shares of AML3D AL3.AX rise 8.3% to A$0.26, their highest level since July 8, 2024

** Stock had jumped as much 18.8% to A$0.285 earlier in the session, its highest since mid-April 2021

** The tech co plans to collaborate with the U.S. Navy to explore opportunities related to materials characterization, parts manufacturing and system sales

** Co also highlights that access to the U.S. Navy's demand intelligence will support 'a more than doubling' of co's  U.S. manufacturing capability

** YTD, shares up 37.8%

 (Reporting by Nichiket Sunil in Bengaluru)

 ((nichiket.sunil@thomsonreuters.com))