Orbital Corp hits 5-week high on successful drone engine test, follow-on order
24/07/2026 03:55
BUZZ-Orbital Corp hits 5-week high on successful drone engine test, follow-on order ** Shares of Australia's Orbital Corporation OEC.AX rise as much as 18.5% to A$0.16, in biggest intraday pct gain since June 18
** Stock hits highest level in 10 days and set to clock its best week since mid-June
** Engine maker says co's propulsion system sucessfully completed its first flight aboard American Aerospace Technology Inc's (AATI) AiRanger drone
** Adds that, seeing its success, AATI has placed orders for three additonal propulsion systems, bringing total order value to $750,000
** Stock up 12.5% YTD, including session moves
(Reporting by Shravya Marakini in Bengaluru)
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