AML3D: Secures $1m sale to US defence industry

AML3D Secures $1m sale to US defence industry

  • AML3D (AL3) secures a $1 million sale from the US Department of Defense (DoD) to support Navy submarine industry base programs
  • The company sold its ARCEMY X-Edition 6700 Wire Arc Additive Manufacturing product to support the US Navy’s adoption of Wire Arc 3D printing tech
  • The ARCEMY order was placed by BlueForge Alliance, a US DoD intermediary supporting the acceleration of advanced manufacturing technologies across the US defence industrial base
  • AL3 says the sale opens the door for an expansion of its partnership with the US Navy, with a new contract for metal characterisation testing expected in Q3 2023
  • The company shares are soaring 41.43 per cent to trade at 10 cents at 1:36 pm AEDT
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Santander and Mastercard Complete Europe’s First Live Agentic AI Transaction

This groundbreaking transaction marks a milestone in AI-driven financial technology.Highlights: Santander and Mastercard execute Europe’s first agentic AI...

Apple Strengthens Reach with Apple Pay Launch in India

Apple Pay expands its footprint, aiming to capture the Indian digital payments market.Highlights: Apple Pay officially launches in...

Brink’s Strengthens Position with $6.6B NCR Acquisition

Brink's expands its services through strategic acquisition of NCR's Atleos.Highlights: Brink's acquires NCR Atleos for $6.6 billion.The deal...

Barclays Strengthens Blockchain Payments Platform Discussions

Bank explores blockchain vendors for enhanced payment solutions.Highlights: Barclays explores blockchain technology for payments.Bank engages with various vendors...