FinTechFunding

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
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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.

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