Orbital jumps to over a month high after securing deal with American Aerospace Technology
23/10/2026 02:09
BUZZ-Orbital jumps to over a month high after securing deal with American Aerospace Technology ** Shares of Orbital Corporation OEC.AX rise as much as 13% to A$0.13, their highest level since September 17
** Company enters its first Power by the Hour agreement with American Aerospace Technologies, establishing a recurring revenue stream in the US commercial UAV market
** Initial agreement is expected to generate revenue of $2.6 million through 2027 and support a fleet growing to 10 unmanned aircraft
** YTD, stock down 17.9%, including the session's moves
(Reporting by Paridhi Minda in Bengaluru)
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