Australia's Titomic surges most in 6 months on winning US defense contract

Titomic

14/09/2026 02:10

** Shares of Titomic TTT.AX rise as much as 13% to A$0.130, their biggest intraday pct gain since mid-April
** Metal additive manufacturer says its U.S. unit has been awarded a $5 million contract by the U.S. Air Force 
** Adds contract is to supply, integrate and commission a cold spray system at Tinker Air Force Base in Oklahoma 
** Co says system is designed to support depot-level manufacturing and sustainment applications, including component repair, among others
** Adds delivery is scheduled for Q3 2027
** More than 2.4 million shares change hands vs 30-day avg volume of around 2.2 million shares
** YTD, stock down nearly 50%, including session's moves

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