Aurora Labs Ltd (ASX:A3D) Secures Defence Contract for Propulsion System
Contract Details
Aurora Labs Ltd (ASX:A3D) has been awarded a $319,000 contract by the Australian Department of Defence for the development of a 3D printed aircraft propulsion system. The contract, which runs until June 30, 2025, signifies a key milestone for A3D, reinforcing its position in the additive manufacturing sector and expanding its offerings in propulsion systems.
Strategic Importance
This initiative enhances sovereign capabilities, leveraging A3D’s advanced metal 3D printing technology. The new propulsion system aims to support diverse applications, notably in defence operations utilising unmanned aerial systems. The contract builds upon the company’s ongoing work in developing micro gas turbines.
Executive Comments
Rebekah Letheby, CEO of Aurora Labs, stated, “This contract signifies a major milestone in our commitment to defence innovation and underscores our capabilities in delivering high-performance, locally manufactured propulsion systems. We are thrilled to support the ADF innovation initiative and look forward to the success of the system in this proof of concept first stage.”
Intellectual Property Development
The project will also enable A3D to commercialise any intellectual property developed, providing significant value through retained IP rights. The Commonwealth will obtain a license to use the resulting IP for testing and evaluation purposes.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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