AML3D Limited (ASX: AL3) is embarking on a significant endeavour to bolster its contributions to the US Navy's submarine program by securing a new contract focused on characterizing and testing Copper-Nickel (CuNi) alloys through 3D printing technology. This contract, valued at approximately AU$0.35 million (US$0.23 million), has been inked with BlueForge Alliance, a non-profit organization dedicated to bolstering the US Navy's Submarine Industrial Base by accelerating the adoption of cutting-edge technology. The CuNi alloy testing initiative runs concurrently with the extension of a Nickel-Aluminum-Bronze (NAB) alloy testing program for the US Department of Defense. Success in the CuNi alloy testing program could significantly expand the spectrum of components AML3D can manufacture for the US Navy's submarine program.
With a total of AU$5.1 million in US Defense contracts secured in the current calendar year, including AU$4.0 million in BlueForge Alliance sales, AML3D is poised to make substantial contributions to advancing the capabilities and sustainability of the US Navy's Submarine Industrial Base.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
