Aerospace contract expands AML3D’s presence in Australian Defence sector
Highlights
- AML3D secures complex 3D metal printed component contract to support an Australian Government aerospace defence project.
- The contract builds on the successful delivery of an initial multi-stage nozzle assembly that demonstrated AML3D’s technology advantage.
- AML3D expects expansion in additional defence markets, while continuing the successful US ‘Scale up’ strategy, to accelerate growth.
AML3D Limited (ASX: AL3) ("AML3D" or "the Company") is pleased to announce it has signed a contract with Toolcraft Australia to supply a 6-part nozzle assembly for an Australian Government Defence Science and Technology Group (‘DSTG’) project. The A$0.35 million contract follows the successful delivery of a 4-stage nozzle assembly, that demonstrated AML3D’s Advanced Wire Additive Manufacturing (‘WAM’) technology delivered superior components, with significantly shorter lead times, compared to traditional manufacturing.
The new contract expands a scope of work previously undertaken for the DSTG project to include 2 additional stages of an Aluminium ER5183 nozzle assembly, which is expected to weigh approximately 1230kgs and have a length of over 3.6 meters. The expanded scope follows confirmation of the superior operational performance of the previously manufactured AML3D WAM 4-stage nozzle assembly components. Manufacturing of the 6-part nozzle assembly is expected to commence immediately, with the first two stages to be delivered during the current financial year and the remaining four stages in FY25.
While AML3D is experiencing strong demand within the US defence sector for its WAM technology, with close to A$12 million of contracts delivered through AML3D’s US ‘Scale up’ strategy in CY2023, expanding into additional significant defence markets is a key strategic objective. This 6-part nozzle assembly contract, in support of the DSTG’s aerospace project, is aligned with this medium-term growth objective.
AML3D CEO Sean Ebert said,
We are extremely pleased to continue to expand on our previous work supporting the DSTG. It is a strong endorsement of AML3D’s WAM technology for defence applications to have the scope of this A$0.35 million contract expanded to 2 additional nozzle segments that had previously been traditionally manufactured. AML3D’s ability to use our proprietary WAM technology to produce higher quality components, with significantly faster turnaround times, compared to traditional manufacturing, and with less waste allows us to play an increasingly important role in defence supply chains.
Alongside our extremely successful US ‘Scale up’ strategy, which has seen AML3D secure close to A$12 million in US Defence contracts in support of the US Navy’s submarine industrial base in 2023, we are also committed to developing our presence in additional globally significant defence markets. WAM printing multistage nozzle assemblies for this DSTG project not only expands our presence in the Australian Defence sector but also into aerospace defence an area we have identified as being a strategically important growth driver over the medium term.
This announcement has been authorised for release by the Board of AML3D.
Source: Aerospace contract expands AML3D’s presence in Australian Defence sector, PDF
About AML3D
AML3D Limited, a publicly listed technology company founded in 2014, utilises new technologies to pioneer and lead metal additive manufacturing globally. Disrupting the traditional manufacturing space, AML3D has developed and patented a Wire Additive Manufacturing (WAM®) process that metal 3D prints commercial, large-scale parts for Aerospace, Defence, Maritime, Manufacturing, Mining and Oil & Gas. AML3D provides parts contract manufacturing from its Technology Centre in Adelaide, Australia, and is the OEM of ARCEMY®, an industrial metal 3D printing system that combines IIoT and Industry 4.0 to enable manufacturers to become globally competitive.