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Orbital Corporation Limited (ASX:OEC)

ALERT: Price-sensitive ASX Announcement for OEC
Current share price for OEC : $0.135 0.005 (3.85%)+
Announcement
Release
23 Mar 2026 1:51PM
Price at Release
$0.130
Full Release
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Summary
Orbital Corporation Limited, trading as Orbital UAV, has announced significant developments in its global UAV operations, including an initial order from Freespace Operations for the 150HFE® heavy fuel engine to be used in heavy-lift multirotor platforms, and an order from Textron Systems for FlexDT® diagnostic units. Additionally, Orbital UAV has entered into a Memorandum of Understanding with Bertel O. Steen Defence & Security AS to collaborate on a NATO-aligned TUAS program, potentially expanding its participation in European defense programs. These initiatives align with Orbital UAV's strategy to enhance its role in global unmanned systems markets through integrated propulsion supply, diagnostics, and sustainment solutions.
Key Points
  • Initial engine order from Freespace Operations for heavy-lift multirotor platforms.
  • Textron Systems order for FlexDT® diagnostic units.
  • MoU with Bertel O. Steen Defence & Security for NATO-aligned TUAS program.
  • Focus on global UAV markets through propulsion and sustainment solutions.
  • Expansion into heavy-lift multirotor platforms and technical support capabilities.
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.