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Orbital Corporation Limited (ASX:OEC)

ALERT: Price-sensitive ASX Announcement for OEC
Current share price for OEC : $0.165 0.015 (10%)+
Announcement
Release
7 Apr 2026 10:33AM
Price at Release
$0.150
Full Release
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Summary
Orbital Corporation Limited, known as Orbital UAV, has announced a significant milestone by securing an initial order from a new customer based in the United Arab Emirates (UAE) for its 50HFE propulsion systems and power management systems, valued at USD 1.1 million. This order signifies Orbital UAV's entry into the Middle Eastern market and aligns with its strategy of expanding into key international markets. After six months of technical and commercial discussions, this order is from a sovereign government in the Middle East for military applications and is expected to be fulfilled by August 2026. Additionally, a Long-Term Distribution Agreement has been established, positioning the customer as a UAV propulsion partner in the UAE, with potential to expand to other models such as the 75HFE, 150HFE, and 350HFE systems. The company has a strong history with its 50HFE engines, having a solid operating background with Boeing Insitu.
Key Points
  • Orbital UAV secures initial order in UAE for 50HFE propulsion systems.
  • Order valued at USD 1.1 million marks entry into the Middle East.
  • Long-Term Distribution Agreement established for future cooperation.
  • Order follows six months of technical and commercial discussions.
  • Engines intended for military applications by a sovereign government.
  • The 50HFE engine has a demonstrated operational history.
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.