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Orbital Corporation Limited (ASX:OEC)

ALERT: Price-sensitive ASX Announcement for OEC
Current share price for OEC : $0.125 -0.01 (-7.41%)+
Announcement
Release
24 Jul 2026 10:16AM
Price at Release
$0.135
Full Release
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Summary
Orbital Corporation Limited announced the successful first flight of its 150HFE propulsion system aboard AATI's AiRanger UAV, followed by AATI placing a follow-on order for three more propulsion systems, bringing total orders to eight, valued at over US$750,000. The AiRanger platform, which holds U.S. commercial BVLOS approvals, positions AATI competitively in long-endurance UAV operations. Orbital's propulsion systems have demonstrated reliability with over a million flight hours in harsh conditions, creating opportunities for additional orders and recurring revenue through its Power by the Hour model as AATI expands its fleet and pursues government ISR opportunities.
Key Points
  • Orbital Corporation Limited achieves first successful flight with AATI's AiRanger UAV.
  • AATI follows up with an order for three additional 150HFE propulsion systems.
  • Total orders for Orbital's propulsion systems increase to eight, valued over US$750,000.
  • AATI's AiRanger platform has U.S. commercial BVLOS approvals for long-endurance UAV operations.
  • Orbital's propulsion systems have over one million in-service flight hours supporting U.S. Naval operations.
  • AATI is pursuing government opportunities for ISR operations.
  • Orbital sees potential for additional orders and recurring revenue from the Power by the Hour model.
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.