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Aurora Labs Limited (ASX:A3D)
ALERT: Price-sensitive ASX Announcement for A3D
Current share price for A3D : $0.051 -0.004 (-7.27%)+
Announcement
Release
2 Jun 2026 8:23AM
Price at Release
$0.055
Full Release
Summary
Aurora Labs Limited, an Australian leader in metal additive manufacturing and advanced propulsion technologies, has announced that it has been awarded a $1 million Defence Industry Development Grant from the Australian Government. This grant, part of the Sovereign Capability stream, is matched by Aurora's own funds, creating a total $2 million investment. These funds will be used to acquire a Commercial Off-The-Shelf (COTS) metal 3D printer to aid in the production scaling of Aurora’s proprietary Micro Gas Turbine (MGT) propulsion systems. The funding validates Aurora's commercial relevance with Tier-1 defence partners and will support the company's transition from R&D to a sovereign manufacturer of advanced defense technologies.
Key Points
- Aurora Labs awarded $1 million under the Defence Industry Development Grant.
- The grant is part of the Sovereign Capability stream.
- Aurora will co-invest to total $2 million for scaling production.
- Funds will be used to acquire a COTS metal 3D printer.
- Aurora focuses on Micro Gas Turbine (MGT) propulsion systems.
- Partnerships include MBDA, Department of Defence, Innovaero, and SPS.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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