Australia's Aurora Labs gains on defence contract win

Aurora Labs

03/10/2025 05:58

** Shares of Aurora Labs A3D.AX rise as much as 26.2% to A$0.053, a peak since May 26

** Logs biggest intraday pct gain since September 10

** Stock last up 11.9% at A$0.047

** 3D printer maker wins A$450,000 Phase 2 defence contract with Australian Department of Defence for prototype manufacture and testing of fuel-efficient propulsion system

** Propulsion system is mechanism which powers and moves vehicle forward

** About 2.7 mln shares traded, 5.8x the 30-day average

** YTD stock down 40.5%, including current session's move

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))