Tag: (ASX: OEC)
Orbital UAV inks $3.5M production contract with Singapore customer
Australian drone manufacturer Orbital UAV announced the signing of a production contract with a major Singapore customer, amounting to $3.5 million.
Orbital UAV to raise $4M to boost engine development programs
Orbital UAV is raising $4 million through the issue of approximately 28.6 million new fully paid ordinary shares at an issue price of $0.14 per new share to support its existing engine development programs.Â
Orbital UAV clinches $1.5m grant from gov’t following performance milestone
Australian drone manufacturer Orbital UAV has secured a $1.5 million grant from the Department of Jobs, Tourism, Science & Innovation, after the company reached an agreed performance milestone during the second half of 2023.
Orbital delivers new engine prototypes to Textron Systems for evaluation
Perth-based Orbital Corporation has delivered the first new engine prototypes for the second engine program with Textron Systems, one of the world’s largest suppliers of tactical unmanned aerial vehicles (TUAVs).
Orbital UAV to complete UAV engine project for Singapore customer
Australian drone manufacturer Orbital UAV said it secured a $2 million contract with a major Singapore customer to continue and complete a multi-fuel unmanned aerial vehicle (UAV) engine program.Â
Orbital UAV secures $3m WA grant following performance milestone
Uncrewed aerial vehicle manufacturer Orbital UAV has received a $3 million grant from the Western Australian government after the company reached an agreed performance milestone during the second half of 2022.Â
Orbital UAV, Animal Dynamics to develop new aerial autonomous solution
Under a memorandum of understanding, the two companies will look into the initial concepts for a heavy fuel engine that could be used for Stork-STM, a heavy lift uncrewed aircraft system (UAS) being developed by Animal Dynamics.Â
Orbital kickstarts UAS engine delivery for Australian Army contract
Orbital UAV has begun the delivery of engine builds for Insitu Pacific’s next-generation tactical UAS for the Australian Army.
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