Australia's Aurora Labs gains on UK defence engine supply deal

Aurora Labs

04/11/2026 02:21

** Shares of Australia's Aurora Labs A3D.AX rise as much as 3.7% to A$0.056, marking their biggest intraday pct gain since October 14
** Electronic equipment co secures sale of two AU4 turbojet engines to UK-based Tanglewood Group for evaluation by an international defence customer
** Says initial deal is valued at about A$32,000 ($22,294.40), including engine supply and integration services
** Adds evaluation could support discussions on future volume requirements for production-standard propulsion systems in the 250N-plus thrust class, with potential supply commencing in CY27
** YTD, stock down 8.3%, including session's moves
     
($1 = 1.4353 Australian dollars)

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